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2024-07-26 01:22:11 +0300

Citrix Bankers Weigh New $15 Billion Debt Plan to Stem Losses

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Bloomberg
By Lisa Lee

Bankers backing the buyout of Citrix Systems Inc. are discussing new ways to sell chunks of the $15 billion financing to soften potential losses, including splitting a huge $7 billion loan between themselves, private-credit funds and other investors.

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Wall Street lenders, led by Bank of America Corp., Credit Suisse Group AG and Goldman Sachs Group Inc., have pushed back the timing of leveraged loan and high-yield bond offerings to September on the basis that a post-Labor Day market would be more receptive, according to people with knowledge of the matter.

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