Brookfield-Backed Clarios Launches $1.2 Billion Junk Bond

Clarios International Inc. is in early discussions to price a $1.2 billion high-yield bond between 7% and 7.25%, as the car battery maker continues to raise debt to fund a $4.5 billion dividend for its private equity owners.

The firm is holding an investor call today, and the bond will price mid-week, according to a person familiar with the matter who asked not to be identified.

Clarios is back in the market just days after it launched a loan deal to raise $3.3 billion. The loan and bond will both go toward funding one of the largest dividend recapitalizations on ...