Banks Kick Off $4.4 Billion Loan Sale for Worldpay Buyout (1)

A group of banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched a $4.4 billion debt sale to fund GTCR’s purchase of a majority stake in payment processor Worldpay Inc., one of the most hotly anticipated deals in the leveraged finance market this year.

The offering is split in two parts with JPMorgan leading a $3.4 billion portion, and Goldman managing the sale of a $1 billion-equivalent loan in euros, according to people with knowledge of the matter. A lender call is scheduled for Wednesday at 10 a.m. New York time, with commitments due on ...