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Wednesday, July 25, 2007

KKR Debt Deal Fails For Alliance Boots

by Calculated Risk on 7/25/2007 11:36:00 AM

From Bloomberg: KKR's Banks Fail to Sell $10 Billion of Alliance Boots LBO Debt

Kohlberg Kravis Roberts & Co.'s banks, led by Deutsche Bank AG, failed to sell 5 billion pounds ($10 billion) of senior loans to fund the leveraged buyout of Alliance Boots Plc, two people with direct knowledge of the deal said.
And from the WSJ: Bankers Postpone Chrysler Debt Sale
Bankers raising $20 billion in loans for Chrysler Group have postponed a sale of $12 billion in debt for the auto company and are planning to fund the bulk of that debt from their own pockets for the time being, according to a person familiar with the matter.