Bankers Prep $12 Billion Debt for Walgreens Boots Alliance Deal

Bankers are working on funding packages of around $12 billion for Walgreens Boots Alliance Inc. to back a potential take-private deal by Sycamore Partners, in what would be one of the largest leveraged buyout debt deals since the great financial crisis.

Citi, Goldman Sachs Group Inc., JPMorgan Chase & Co., UBS Group AG and Wells Fargo & Co are among the banks putting together financing proposals for the private equity firm, which is nearing a deal for the international retail drugstore chain, according to people familiar with the matter. Other banks are expected to join the ...