fintech / news / / Bloomberg
The banks are preparing to use their own balance sheets to fund $5.3 billion of debt for Qualtrics’ acquisition of Press Ganey Forsta.
JPMorgan and a group of banks face over $500 million paper losses on Qualtrics' debt deal.
KEY POINTS
- Banks will fund $5.3 billion of debt for Qualtrics' acquisition of Press Ganey Forsta themselves.
- This Qualtrics deal marks the largest 'hung' leveraged finance deal in 2024 so far.
- The size of the banks' exposure indicates significant risk due to weak leveraged finance demand.
COMPANIES
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