Banks Aim to Sell €8.65 Billion Sanofi Buyout Debt Next Week
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Banks are gearing up to offload the €8.65 billion ($9.5 billion) debt package backing Clayton Dubilier & Rice’s purchase of a stake in Sanofi SA’s consumer health division.
Lenders including Goldman Sachs Group Inc. and Citigroup Inc. have kicked off a pre-marketing process for the hotly-anticipated financing deal, according to people familiar with the matter. The lenders are aiming to launch a general syndication as early as next week, said the people, who asked not be identified because the information is private.