Bloomberg: Deutsche Bank, et al. Forced to Fund Portion of $875MM Term Loan

A syndicate of banks led by Deutsche Bank agreed to provide $875 million in term loan financing for the acquisition of FitCrunch, a protein bar brand; however, before the acquisition close on Nov. 1, the banks were unable to syndicate the debt to institutional loan investors, thus forcing the banks to fund a portion of the financing, according to Bloomberg.

Read more about the debt on Bloomberg.