Banks Offer Rare Lender Protection in €2.8 Billion Nestle Water Debt Deal
Deals·1 article across 1 outlet
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A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.
This financing deal marks a significant move in the investment landscape, as lenders typically do not provide such protections in similar transactions.
Bank of AmericaDeutsche BankPlatinum EquityNestle
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“A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.”
Bloomberg — Banks Add Rare Lender Protection to Nestle Water Debt Deal