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Banks Add Rare Lender Protection to Nestle Water Debt Deal
Source: Bloomberg
M&A & RestructuringCredit & Bond MarketsBanking & Liquidity
Banks led by Bank of America and Deutsche Bank made a rare concession to finalize a €2.8 billion ($3.2 billion) financing package supporting Platinum Equity's acquisition of a stake in Nestle's water business. The concession indicates lenders adjusted deal terms to enable completion of the transaction.
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