Barclays (BCS), Citigroup (C), and KKR Capital Markets are backing $1.7 billion in debt financing for KKR's (KKR) $3.1 billion acquisition of post-trade services firm OSTTRA, Bloomberg reported, citing unnamed sources familiar with the matter.
Bloomberg said the funding includes first- and second-lien debt expected to be sold to investors in the capital markets.
Bloomberg, citing sources, said both banks and private lenders competed to support the buyout of OSTTRA, a joint venture between CME Group (CME) and S&P Global (SPGI).
Barclays, Citi, KKR, CME, and S&P did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.