Banks Prep Over €4 Billion Debt for Carlyle’s BASF Coatings Deal

Banks are putting together a debt financing package of more than €4 billion to back Carlyle Inc.’s acquisition of a stake in BASF SE’s coatings business.

Bank of America Corp. and Goldman Sachs Group Inc. are among lenders working on a package that will be roughly five times the unit’s approximate €800 million ($926 million) Ebitda, according to people familiar with the matter, who asked not to be identified because the talks are private. The underwritten debt will likely include both leveraged loans and high yield bonds denominated in dollars and euros, the people added.

Carlyle and its partner, ...