Banks Balk at KKR's Brickman Purchase of ValleyCrest

6/2/2014

Bloomberg.com reports that lenders helping to finance KKR's purchase of The Brickman Group Ltd. this past November, a $1.6 billion deal, will not be financing the buyout of ValleyCrest Companies LLC. As a result KKR's Brickman is using a different set of banks to finance the purchase.

Morgan Stanley, Credit Suisse Group AG, Goldman Sachs Group Inc. are among lenders who helped finance KKR's buyout of The Brickman Group from Leonard Green & Partners LP six months ago that aren't participating in a new $725 million loan needed to buy ValleyCrest Companies LLC, according to data compiled by Bloomberg.

Instead KKR Brickman is turning to Jefferies Group LLC, along with Macquarie Group Ltd., Mizuho Financial Group Inc., Sumitomo Mitsui Financial Group Inc., Nomura Holdings Inc. and KKR, according to Bloomberg.

Reader the entire article on Bloomberg.com.

You may also be interested in a related article: People Are Starting To Worry That Wall Street Is Taking A Big Post-Crisis Money Maker Too Far appearing on oakridger.com.