Banks Said to Nudge Out Private Credit for AirTrunk Financing [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
private credit funds that had been in the running to provide part of the financing, according to people familiar with the matter. Most Read from Bloomberg Robotaxis Are No Friend of Public Transportation Booming Cambridge Exposes England's Widening Wealth Gap Oman Sees an Urban Future Distinct From Dubai and Abu Dhabi Argentina Drug Trafficking Hotspot Sees Murders Plunge Climate Change Is Killing Buildings in Slow Motion Banks including Citigroup Inc., DBS Group Holdings Ltd. and Deutsche Bank AG are in discussions to provide about A$5.5 billion ($3.6 billion) financing at the holding company level, the people said, asking not to be named as the discussions are private. The borrowing would comprise a term loan and revolving credit facility, the people added. Banks have been able to offer lower interest costs and more attractive terms compared with what the private credit funds had proposed, said the people. The financing hasn't been finalized and could change as negot
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