Banks Prep $2.8 Billion Buyout Deal for Chemicals Firm Solenis

Banks led by Bank of America Corp. and Goldman Sachs Group Inc. are gearing up to sell around $2.75 billion of debt to support the buyout of hygiene solutions firm Diversey Holdings Ltd. by Solenis, a chemicals company.

Bank of America is leading the sale of about $2 billion in high-yield bonds while Goldman Sachs is leading a roughly $750 million leveraged loan deal, according to people familiar with the matter, who asked not to be named discussing private transactions.

Leveraged finance markets are seeing relatively busy issuance lately as fears around the recent banking crisis have somewhat abated. ...