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Banks Kick Off €4.7 Billion Debt Sale for Bain’s Volkswagen Deal

Source: Bloomberg

M&A & RestructuringCredit & Bond MarketsAutomotive & EV

Banks have launched a €4.7 billion-equivalent ($5.3 billion) leveraged-loan deal to finance Bain Capital LP’s acquisition of a controlling stake in Volkswagen AG’s heavy diesel-engine unit. The article provides no loan terms or expected market reaction.

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