Banks Add Rare Lender Protection to Nestle Water Debt Deal
AI Summary
Bank of America and Deutsche Bank are leading a €2.8 billion financing package connected to Platinum Equity’s acquisition of a stake in Nestlé’s water business. The lenders reportedly offered an unusual protection to help bring the debt deal to completion.
A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.
Markets Deals Commodities Nestlé water business debt financing acquisition Platinum Equity bank lending