KKR to bolster Axel Springer buyout package with €935m loan
Axel Springer's shareholders have given a green light to a public-to-private takeover offer from KKR, which values the German media company at €6.7bn.
The financing for the deal will come from KKR’s funds, with a big equity ticket of up to €3.01bn and a loan facility B of up to €935m. Traviata, a bidding vehicle set up by KKR, has also secured a commitment for a €30m revolver.
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