Report
Banks offer rare lender protection for Nestlé water stake financing
Bloomberg reports that a bank group led by Bank of America and Deutsche Bank offered the concession to help complete a €2.8 billion ($3.2 billion) financing deal.
TLDR
Bloomberg reports that banks offered rare lender protection to help get financing across the line for Platinum Equity’s acquisition of a stake in Nestlé’s water business. The €2.8 billion ($3.2 billion) deal involves a bank group led by Bank of America and Deutsche Bank.
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