(Bloomberg) -- A group of underwriters led by Bank of Montreal have launched a $2.55 billion loan to back the acquisition of Nuvei Corp., marking the biggest...
-- A group of underwriters led by Bank of Montreal have launched a $2.55 billion loan to back the acquisition of Nuvei Corp., marking the biggest buyout deal since April.Biden Narrows Gap With Trump in Swing States Despite Debate LossThe seven-year term loan will help fund the $6.3 billion leveraged buyout of the Canadian payments processor by Advent International , management, Novacap and CDPQ , according to people with knowledge of the matter. A lender call will be held July 9 at 10 a.m.
The proposed Nuvei loan would be the biggest such deal since the $2.6 billion loan sold in April to fund KKR’s purchase of a Broadcom unit. The largest deal of the year was a $5 billion package sold in February to finance the acquisition of Cotiviti. Founder and Chief Executive Officer Philip Fayer will retain a significant stake in Nuvei following the acquisition, according to an April statement.This well-priced basket of Canadian stocks is perfect for a long-term TFSA investor. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.Jäykät nivelet? Kokeile Arthorol Prota ilmaiseksi*CHEROKEE, N.C.
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