Banks Add Rare Lender Protection to Nestle Water Debt Deal
Bank of America and Deutsche Bank included rare lender protections in a 2.8 billion euro financing deal. The agreement supports Platinum Equity's acquisition of a stake in Nestle's water business.
A group of banks led by Bank of America Corp. and Deutsche Bank AG offered a rare concession to help get a €2.8 billion ($3.2 billion) financing deal for Platinum Equity’s acquisition of a stake in Nestle SA’s water business across the line.
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