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Stock impact report

Citi, Apollo Test New Private Credit Tie-Up in Boeing Unit Sale [Yahoo! Finance Canada]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Most Read from Bloomberg The sale could fetch Boeing approximately $7 billion, while the debt financing is estimated to be between $3 billion and $3.5 billion, said the people, who asked not to be identified because they're not authorized to speak publicly. Discussions are ongoing and terms of the deal and financing could still change, they added. Both corporate and private equity buyers interested in acquiring Jeppesen are being offered the private debt option, the people said. This would be a major test of the Citi-Apollo partnership, announced last September, and its ability to win over a buyer with a supporting financing package. It would mark the first private staple financing, one of the people familiar said, a form of pre-agreed funding used to facilitate an acquisition. It doesn't guarantee that the bidders who accept it win the deal, and buyers may choose to use other lenders instead. Spokespeople for Citigroup and Apollo declined to comment, while a representative Show less Read more
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