Citi, Santander Prep Up to €4 Billion Debt for Urbaser Deal.

Citigroup Inc and Banco Santander SA are preparing a debt package of up to €4 billion to support the potential sale of Spanish waste-management company Urbaser SA. The financing package will likely include funded debt split between term loans and high-yield bonds, as well as unfunded debt consisting of guarantees and revolving credit facilities. Infrastructure bidders are among the potential buyers of Urbaser, which operates in about 15 countries and serves around 70 million people worldwide. [Extracted from the article]