Business

Citrix Debt deal price with big loss for banks


Investment banks include Bank of America Credit Suisse Corporation and Goldman Sachs Group is on track to lose more than $500 million in total to debt backing the largest U.S. leveraged buyout of the year after it was sold to investors at a heavily discounted price.

$4 billion bond backing $16.5 billion private deal for Citrix system was auctioned Tuesday at a 16% discount, accounting for a loss of about $500 million to the underwriting banks alone, according to people familiar with the matter and the pricing terms table viewed by The Wall Street Journal.



Source link

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button