KKR ejects NXP loan refusenik Deutsche from $1bn IPO

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KKR ejects NXP loan refusenik Deutsche from $1bn IPO

Deutsche Bank has lost its underwriting position in next month’s $1bn New York IPO of NXP after declining to extend a $60m credit facility to the Dutch semiconductor firm, whose largest shareholder is private equity house Kohlberg Kravis & Roberts.

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