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KKR prepares €600M loan to acquire rest of WMF

Jul. 29, 2014 3:12 AM ETKKR & Co. Inc. (KKR) StockKKRBy: Yoel Minkoff, SA News Editor
  • KKR's (NYSE:KKR) next step to take full control of Germany-based WMF, a provider of cutlery and coffee machines, will be backed by a €600M leveraged financing loan. KKR already owns a 72% stake in WMF.
  • Commerzbank and Deutsche Bank are leading the debt financing to fund the deal which is due to be launched for syndication to investors after the summer.

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