LBO banks meet their Waterloo with Boots deal; KKR unscathed

© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

LBO banks meet their Waterloo with Boots deal; KKR unscathed

The banks arranging the loan to support Kohlberg Kravis Roberts’s £11bn leveraged buy-out of UK pharmacy group Alliance Boots were left holding more than £7bn of senior debt on Wednesday, when they bowed to what many had considered inevitable and pulled most of the debt financing.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • European securitization issuance database
  • Daily newsletters across markets and asset classes
  • 1 weekly securitization podcast

Related articles

Gift this article