KKR launches Unisteel loan after retreat

16 Jul 2008

Kohlberg Kravis Roberts launched the $280m leveraged loan supporting the buyout of Unisteel this week in a deal that sets a new benchmark for Asian LBO debt.

KKR has agreed to finance 59.5% of the acquisition with equity — an unusually high proportion that illustrates just how much leveraged finance structures have changed since the end of the buy-out boom last year.

EuroWeek can reveal that the private equity sponsor lowered its leverage ratios by ...

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