Market Chatter: Royal Bank of Canada, Deutsche Bank Line Up $1.8 Billion Debt for TreeHouse Deal

MT Newswires Live01-09

Royal Bank of Canada (RY) and Deutsche Bank (DB) are pre-marketing about $1.8 billion of debt tied to Investindustrial's acquisition of TreeHouse Foods (THS), Bloomberg reported Thursday, citing people familiar with the situation.

Royal Bank of Canada is in early talks on about $1.25 billion term loan priced at about 4 percentage points above the benchmark, while discussions are being held on a $550 million secured junk bond offering led by Deutsche Bank, the report said. Size and pricing have yet to be finalized, Bloomberg said.

TreeHouse agreed in November to be acquired and taken private by Investindustrial for $2.9 billion, with the deal expected to close in Q1.

RBC, Deutsche Bank, TreeHouse Foods, and Investindustrial didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 169.97, Change: +0.81, Percent Change: +0.48

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment