Daily News: August 9, 2019

BlackRock, KIRKBI, Other Provide $1.92B Debt for Merlin Buyout


Reuters reported three equity investors behind the £5.91 billion ($7.49 billion) take-private buyout of UK theme park and attraction operator Merlin Entertainments are also underwriting about £1.66 billion ($1.93 billion) equivalent debt.

According to Reuters, Blackstone, Lego’s founding family KIRKBI Invest and Canada’s CPPIB Credit Investments have underwritten about 43.7% of the total debt financing and fee pool, in addition to their equity commitments.