Encyclopaedia Britannica Inc., the publisher of the namesake encyclopedia and the Merriam-Webster dictionary, is looking to raise fresh capital to repay debts of its Swiss owner Jacob E. Safra, according to people with knowledge of the matter.
The company has tapped Jefferies Financial Group Inc.to sound out private lenders over a more than $450 million capital raise that will also include an equity component, said the people, who asked not to be identified discussing a private transaction. Bank of America Corp. and Deutsche Bank AG are also working on the financing, one of them said.
The funds ...
