Veritas pulls $3.3bn LBO financing, as US market underperforms Europe

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Veritas pulls $3.3bn LBO financing, as US market underperforms Europe

Software

The weakness of the US leveraged finance market was brought sharply home to market participants on Tuesday, when the Carlyle Group, which is buying Veritas Technologies, a US data storage company, abandoned its attempt to raise $3.3bn of debt for the deal.

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