Carlyle Lining Up Debt for Medtronic Units Bid, Bloomberg Reports
--Carlyle Group is looking to arrange at least $2.5 billion in debt packages to support its potential acquisition of stakes in some of medical-device maker Medtronic's business units, Bloomberg reports, citing people with knowledge of the matter.
--The private-equity firm's talks with both Wall Street banks and private credit lenders are in the early stages, according to the report.
--Reuters last week reported that Carlyle is in talks to acquire a majority stake in two Medtronic medical-device businesses at a valuation of more than $7 billion.
Full story: https://www.bloomberg.com/news/articles/2023-10-03/carlyle-seeks-roughly-2-5-billion-debt-for-medtronic-units-bid?srnd=premium#xj4y7vzkg
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 03, 2023 12:57 ET (16:57 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks