Mega Debt Deals Return With Quikrete’s $9.2 Billion Financing

The $9.2 billion debt package to help finance Quikrete Holdings Inc.’s acquisition of Summit Materials Inc. is a sign that a long-awaited Wall Street wish could soon come true: the return of big-ticket buyouts.

The package is among the largest seen since 2022, when the Federal Reserve began lifting interest rates, ending the easy-money era. Wells Fargo & Co. agreed to provide the debt commitments, which include as much as $6.7 billion in bridge financing, according to a Monday filing.

Banks provide this type of financing on a temporary basis, for a big fee, and then later ...