Wall Street, Aussie Banks Stuck With DAZN’s Foxtel M&A Loan (1)

Some of Wall Street and Australia’s largest banks are stuck holding part of an A$1.8 billion ($1.2 billion) loan backing DAZN Group Ltd’s takeover of Rupert Murdoch’s Australian pay-television provider Foxtel Management Pty., according to people familiar with the matter.

Banks underwriting the loan including Bank of America Corp., Citigroup Inc., Commonwealth Bank of Australia, Goldman Sachs Group Inc. and Westpac Banking Corp have been unable to sell down the loan they committed to prior to the closing of the acquisition in April.

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