by Calculated Risk on 10/10/2007 11:30:00 PM
Wednesday, October 10, 2007
TXU Pier Loan Watch
TXU closed today. From Bloomberg: TXU Closes $32 Billion Sale to Group Led by KKR, TPG
TXU Corp. completed its $32 billion sale to a group led by Kohlberg Kravis Roberts & Co. and TPG Inc. in a record buyout ...According to TheStreet.com, the TXU Debt Sale is Set for Monday
Including assumed debt, the transaction was valued at about $45 billion, the most ever in a leveraged buyout of a U.S. company.
Citi and JPMorgan are expected to sell some $5 billion of loans to help finance the private equity group's $32 billion acquisition.It will be interesting to see how much debt is sold on Monday, and on what terms. And also how large any pier loans will be at Citi and JPMorgan.