Germany’s ZF Friedrichshafen has signed a €7.3bn financing from banks to back the automotive technology company’s purchase of Swiss commercial vehicle tech company Wabco.
JP Morgan arranged the loan, according to a banker away from the US house.
A ZF spokesperson confirmed the amount raised and that JP Morgan coordinated the deal. JP Morgan declined to comment.
The financing was made up of a bridge loan and €2.5bn of term loans, according to another