May 17, 2024
Loans

Truist Insurance Wraps $6.1 Billion Bond, Loan Sale for LBO

(Bloomberg) — A group of debt arrangers led by Morgan Stanley and JPMorgan Chase & Co. priced $6.1 billion in high-yield bonds and leveraged loans to support Stone Point Capital and Clayton Dubilier & Rice’s acquisition of Truist Financial Corp.’s insurance business. Most Read from Bloomberg The group sold $3 billion in bonds Friday concurrently

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Loans

Adani Green hydrogen unit aims to get up to USD 3 bn in loans, ET EnergyWorld

Adani New Industries plans to begin production of the clean fuel from 2027 in the western state of Gujarat, and could invest as much as USD 50 billion over 10 years, according to the company. Adani New Industries Ltd. is in talks to raise up to USD 3 billion for capital expenditure, according to people

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