CREDIT DAYBOOK AMERICAS: Lowe’s Enters the M&A Funding Pipeline

Lowe’s plans to finance its $8.8 billion acquisition of Foundation Building Materials unveiled Wednesday morning with short- and long-term debt, adding a potentially large deal to investment grade’s M&A pipeline.

• The home-improvement retailer has secured $9 billion in bridge financing from Bank of America and Goldman Sachs for the deal
  • Elsewhere, Dayforce confirmed it’s in buyout talks with Thoma Bravo, with a deal potentially valuing the software company at about $11 billion
• High-grade bond issuance is liable to cool starting Wednesday, after 17 firms sold a combined $21.5 billion of notes the past two days in the run-up to the ...