KKR offers changes on First Data loan terms

Discussion in 'Data Sets and Feeds' started by ASusilovic, Sep 11, 2007.

  1. The talks between KKR and the banks funding its $26bn takeover of First Data, the credit card processing group, moved forward on Monday as the US private equity group offered to change the terms on the risky loans needed to complete the deal. KKR is now prepared to accept covenants on the $16bn loan package, which is expected to be sold to investors later this week, said people close to the deal. The new terms would restrict First Data’s debt to ebitda ratio to more acceptable levels. Citigroup and Credit Suisse are leading the loan financing.


    New terms, new game...:D :D :D