(Bloomberg) -- ProSiebenSat.1 Media AG, Germany's biggest broadcaster, is seeking a 7 billion-euro ($9.5 billion) loan to finance the purchase of a majority stake by Kohlberg Kravis Roberts & Co. and Permira Advisers LLP, said bankers involved in the deal.
KKR in New York and London-based Permira bought 50.5 percent of ProSiebenSat.1 last year and plan to combine the company with rival SBS Broadcasting, based in Luxembourg. The loan will be offered to banks starting tomorrow after ProSiebenSat.1 reports earnings, said the bankers, who declined to be identified because the transaction is private.
Read more at Bloomberg Bonds News
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