Banks Are Bringing Boots $4.25 Billion Buyout Debt to Market
Boots the chemist on Oxford Street.
Photographer: Oli Scarff/Getty Images
Banks are looking to sell $2.25 billion of term loans and $2 billion equivalent of bonds for Boots, to help finance its acquisition by US private equity firm Sycamore Partners, according to people familiar with the matter.
The long anticipated sale of the leveraged loans for the UK pharmacy chain launched on Monday and comprises a $1 billion term loan B denominated in euros, $750 million in dollars and $500 million in sterling.