Morningstar to sell PPs for first time

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By Silas Brown
15 Sep 2020

Morningstar, the US investment research firm, is marketing US private placements for the first time in its 26 year history, according to several sources familiar with the situation.

Bank of America and JP Morgan are arranging the deal, according to market sources, marketing a 10 year note with an initial target of $250m.

Morningstar does not have outstanding bonds or private placements, but has access to term loans and revolving credit facilities. According to its ...

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