Barclays Offers Concessions to Sell $6.1 Billion EG Group Loan

Barclays Plc has made significant concessions to lenders in an effort to win backing for UK gas-station operator EG Group Ltd.’s refinancing of $6.1 billion of loans, after investors pushed back against the original terms.

Barclays is arranging the deal, which didn’t wrap up by the June 21 deadline. Now the bank has offered changes to make the documentation on the financing more palatable, said several people with knowledge of the matter who asked not to be identified because the talks are private.

The changes include tighter terms under which the interest rate on the loans will be reduced ...