Long-awaited acquisition deals boost loan market
Acquisitions for Merck and Prudential, both part-funded with bank debt, have boosted sentiment in the European loan market this week. A term loan from Merck, underwritten by Bank of America Merrill Lynch, BNP Paribas and Commerzbank, will be release for syndication soon, but Prudential’s loan of around $5bn will bridge straight to the bond market. To find out more about these deals and others this week, read EuroWeek this Friday.
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