Banks Are Bringing Boots $4.25 Billion Buyout Debt to Market (1)

Banks are looking to sell $2.25 billion of term loans and $2 billion equivalent of bonds for Boots, to help finance its acquisition by US private equity firm Sycamore Partners, according to people familiar with the matter.

The long anticipated sale of the leveraged loans for the UK pharmacy chain launched on Monday and comprises a $1 billion term loan B denominated in euros, $750 million in dollars and $500 million in sterling.

Simultaneously, banks have started marketing senior secured bonds in euros, sterling and dollars as well. They will look to raise $750 million-equivalent each from the euro ...