KKR (NYSE:KKR) is opting for direct lenders in financing its acquisition of Karo Healthcare, rather than banks it had chosen to underwrite the initial loans, according to a media report. Apollo Global Management (APO) is leading a group of private lenders that proposed an alternative to the syndicated loan deal that was in place, Bloomberg reported, citing people with knowledge of the matter. The direct lenders also include CVC, JPMorgan Chase (JPM), Goldman Sachs (GS), Jefferies (JEF), and KKR’s (NYSE:KKR) own credit unit. The deal will provide ~€1.1B ($1.3B) in a single tranche — a mix of junior and senior debt, people familiar with the deal told Bloomberg.
Read the full article: KKR Turns to Private Loans to Finance Karo Deal //
Source: https://www.msn.com/en-us/money/companies/kkr-turns-to-private-loans-to-finance-karo-deal-report/ar-AA1DsPJj