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0.000448631673396052 0.000448631673396052 0.00134589502018832 0.000224315836698026 -0.000897263346792424 -0.00381336922386724 -0.00459847465231057 -0.0065051592642442
Stock impact report

LSE nets US$13.5bn bridge to refi Refinitiv LBO debt [Reuters]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Reuters
LSE nets US$13.5bn bridge to refi Refinitiv LBO debt - Reuters 3 Min Read LONDON, Aug 1 (LPC) - London Stock Exchange Group has arranged an underwritten bridge loan of about US$13.5bn to support its proposed acquisition of Refinitiv, according to a press release on Thursday. Barclays, Goldman Sachs and Morgan Stanley have underwritten the loan, banking sources said. Goldman Sachs, Morgan Stanley and Robey Warshaw are lead financial advisers to LSE. Barclays Bank is acting as sponsor, corporate broker and financial adviser to LSE, while RBC Capital Markets is also acting for LSE. Proceeds from the bridge refinance debt of the same size that backed the leveraged buyout of Refinitiv last year. Refinitiv, the parent company of LPC, was created last year when a Blackstone Group LP-led consortium bought a 55% stake in Thomson Reuters’ Financial and Risk business in the largest leveraged buyout since the financial crisis. Thomson Reuters owns the remaining 45% stake. A US$13.5bn loan and bon Show less Read more
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