Banks Prep $4.25 Billion Debt for Sycamore’s Boots Buyout (1)

Goldman Sachs Group Inc. is among about half a dozen Wall Street banks preparing to sell $4.25 billion of debt backing Sycamore Partners’ buyout of UK pharmacy Boots, part of the private equity firm’s acquisition of Walgreens Boots Alliance Inc.

The group held a meeting earlier this month to discuss marketing a package of bonds and loans to investors, according to people familiar, who asked not to be identified because the talks are private. The banks are targeting June or July for the sale, the people said.

Citigroup Inc., Deutsche Bank AG, JPMorgan Chase & Co., ...