Banks Sell €7.45 Billion of Debt for CD&R Sanofi Unit Buyout (1)

Banks including Goldman Sachs Group Inc. and Citigroup Inc. have wrapped up a €7.45 billion ($8.1 billion) sale of leveraged loans and high-yield bonds to finance Clayton Dubilier & Rice’s purchase of a stake in Sanofi SA’s consumer health division.

The debt package for the unit, which is called Opella, was one of the most hotly anticipated financing deals to come to market this year in Europe and the US. It included €5.2 billion-equivalent of leveraged loans denominated in euros and dollars, as well as €1.25 billion and $1.1 billion portions of fixed-rate bonds.

Although recent volatility in ...