Banks Kick Off $1.6 Billion Loan Sale for KKR’s OSTTRA Buyout

Wall Street banks kicked off a $1.6 billion leveraged loan sale to support KKR & Co.’s $3.1 billion acquisition of post-trade services company OSTTRA amid a rally in credit markets as tariff tensions ease.

The financing package includes a $1.3 billion seven-year, first-lien term loan and a $300 million eight-year, second-lien term loan, according to a person with knowledge of the matter. Bankers had been sounding out investors for their appetite on the transaction, Bloomberg previously reported, as tariff-induced volatility froze new deals and left lenders stuck with nearly $6 billion in underwritten loans.

Credit markets have since ...