(Bloomberg) -- Kohlberg Kravis Roberts & Co.
strengthened investor safeguards and offered a discount to
borrow $1.4 billion for Dutch DIY retailer Maxeda BV, said a
banker involved in the transaction.
KKR is selling the debt at 99.75 percent of face value and
adding a so-called maintenance covenant that restricts how much
it can borrow relative to cashflow, according to the banker, who
declined to be identified because the deal isn't completed.
Read more at Bloomberg Bonds News
strengthened investor safeguards and offered a discount to
borrow $1.4 billion for Dutch DIY retailer Maxeda BV, said a
banker involved in the transaction.
KKR is selling the debt at 99.75 percent of face value and
adding a so-called maintenance covenant that restricts how much
it can borrow relative to cashflow, according to the banker, who
declined to be identified because the deal isn't completed.
Read more at Bloomberg Bonds News
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