Private Equity Firms Are Cutting Out Banks and Funding LBOs Themselves.

Keywords: ALLTOP; BNK; BON; BUSINESS; COLUMNS; COS; FIN; INDUSTRIES; MARKETS; WRP; WWTOP EN ALLTOP BNK BON BUSINESS COLUMNS COS FIN INDUSTRIES MARKETS WRP WWTOP More and more, private equity firms looking to finance big leveraged buyouts are cutting out the Wall Street banks, and borrowing money from each other or from direct lenders. Private equity firm Thoma Bravo bypassed banks when getting $2.6 billion of debt financing for its buyout of Stamps.com in July, and for a $2.3 billion loan for the buyout of Calypso Technology Inc. in April. [Extracted from the article]