2024-09-24 21:32
IndustryLenders Line Up Over €10 Billion for Sanofi Health
Banks and other lenders are lining up more than €10 billion ($11.1 billion) of debt to back a buyout of Sanofi SA’s consumer health division, as one of the most hotly-anticipated sales of the year reaches its final stages.
A core group of banks signed funding commitments over the weekend for €7.5 billion to €7.8 billion of senior debt to back bids for the acquisition, people familiar with the matter said, declining to be identified.
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Lenders Line Up Over €10 Billion for Sanofi Health
| 2024-09-24 21:32Banks and other lenders are lining up more than €10 billion ($11.1 billion) of debt to back a buyout of Sanofi SA’s consumer health division, as one of the most hotly-anticipated sales of the year reaches its final stages.
A core group of banks signed funding commitments over the weekend for €7.5 billion to €7.8 billion of senior debt to back bids for the acquisition, people familiar with the matter said, declining to be identified.
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