Daily News: August 30, 2018

BAML Leads Refinitiv $5.5B Loan Launch


Reuters reported syndication of the $5.8 billion-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk division, is expected to launch on September 4 in the U.S. after the Labor Day holiday. Bank of America Merrill Lynch is leading the syndication.

According to Reuters, the facility will consist of a $5 billion seven-year term loan B and a $2.5 billion seven-year euro-equivilent.

Reuters added the lenders are Bank of America Merrill Lynch, JPMorgan, Citigroup, Wells Fargo, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, HSBC, Deutsche Bank, Barclays, Royal Bank of Canada and Sumitomo.