Kinetic Concepts’ loan/bond package to test LBO demand
Kinetic Concepts (KCI), a San Antonio-based maker of wound care technologies, will meet investors on a roadshow in October, two bankers said. "That will kick off next week over in Europe," said one in the US.
The financing of Kinetics $6.3bn buy-out by UK private equity firm Apax Partners is said to be partly funded by $2.6bn in term loans, $1.25bn of second lien bonds and a $900m unsecured bond, which will include euro and dollar tranches, according to bankers.
Bank of America Merrill Lynch,
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