Citrix debt deal prices with large losses for banks

Upcoming News

Investment banks together with Bank of America Corp., Credit Suisse Group AG and Goldman Sachs Group Inc. are on the right track to jointly lose greater than $500 million on debt backing the biggest U.S. leveraged buyout of the 12 months after it was once offered to buyers at a steep cut price.

The $4 billion in bonds backing the $16.5 billion take-private deal for Citrix Systems Inc.

have been auctioned off Tuesday at a 16% cut price, netting round $500 million in losses on my own for underwriting banks, in keeping with other people acquainted with the topic and pricing time period sheets seen by way of The Wall Street Journal.

Upcoming News
Credited By:

Leave a Comment