Northrop's (NOC) TASC sale speaks to the return of the LBO of a new ilk. Four banks - Barclays...

|About: Northrop Grumman Corpor... (NOC)|By:, SA News Editor

Northrop's (NOC) TASC sale speaks to the return of the LBO of a new ilk. Four banks - Barclays (BCS), Royal Bank Of Canada (RY), Deutsche Bank (DB) and a lending unit of the Canada Pension Plan - are providing senior debt of well under $1B to fund the buyout, a figure that would have been a rounding error for one bank during the credit boom.