Written by Enirban Sen and Shankar Ramkrichnan
New York (Reuters) – The family -owned candy giant is preparing to sell bonds worth $ 25 billion and $ 30 billion as soon as next week to help finance its maker in the Bringles Keelova maker, according to persons familiar with the issue, in a deal that would export 40 billion dollars to the financing bonds for acquisition.
Banks, led by Citigroup and JPMorgan Chase, are preparing to market bond sale to potential investors at one time, as the sources said, warning that the timing of selling bonds is subject to market conditions and can change.
Depending on their final size, bonds can appear among the 10 largest financing deals from integration and purchases in the bond market at the investment level since 2013, according to Informa Global Markets data.
SYNOPSYS SYNOPSys is preparing to sell design programs to sell between 10 to 15 billion dollars of bonds to help finance its seizure of $ 34 billion of Ansys, well. Bloomberg said earlier on Friday in the sale of bonds in Synopsys.
The sources said that the collective deal may lead to versions worth about $ 40 billion next week, which enhances the offer in the market of investment bonds, which is already witnessing a flood of the version driven by the investor’s request to lock returns in a long -term interest rate environment.
Jpmorgan and Citigroup refused to comment. Mars and summaries did not immediately respond to the suspension requests.
On Thursday, the S & P Global Ratses reduced its credit rating on Mars to A+, which indicates that the company expects to finance its acquisition in Kelanova completely with net debt.
“We do not expect the company to return a crane to less than 3X or withstand the estimated cash flow (DCF) to debts that exceed 10 % until 2027. We expected the company to maintain these measures to classify” A+”.
(EanPan Sen and Shankar Ramkrichnan participated in the coverage in New York; Edit by Ceso Nymiema)
Discover more from
Subscribe to get the latest posts sent to your email.
