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Banks, Private Credit Vie for $5 Billion Bausch + Lomb Financing.

Authors :
Amodeo, Jeannine
Gurumurthy, Gowri
Seligson, Paula
Source :
Bloomberg.com; 10/21/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Banks and private credit firms are in competition to provide over $5 billion in debt financing for a potential buyout of Bausch + Lomb, which could value the company at $10 billion including debt. Private equity firms TPG Inc. and Blackstone Inc. are reportedly working on a joint bid for the eye care firm. However, there is no guarantee that a deal will be reached, as negotiations could fall through. The potential deal, if successful, would be one of the largest in recent months, amidst challenges in the leveraged buyout market due to higher borrowing rates. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180389636