Lenders Sound Out Interest for KKR’s £1.8 Billion Spectris Debt

A highly-anticipated £1.8 billion financing backing KKR & Co.’s acquisition of Spectris Plc, the British manufacturer of precision testing equipment and software, is the latest debt package set to hit the leveraged finance market amid a nascent revival of buyout activity.

Lenders on the deal, which include JPMorgan Chase & Co., Jefferies, KKR Capital Markets and Crédit Agricole SA, have begun reaching out to select investors to gauge appetite for a £1.5 billion ($2 billion) term loan, ahead of a wider syndication expected within the next couple of weeks, according to people familiar with the matter who asked ...