Banco Santander SA is marketing a $1.1 billion loan to help fund the proposed takeover of natural gas pipeline owner Traverse Midstream Partners LLC by an Abu Dhabi firm, marking the first benchmark-sized US buyout financing to come to market in three weeks.
The loan is being pitched at an interest rate of 2.25 to 2.5 percentage points over benchmark, offered at a discounted price of 99.5 cents on the dollar, a person with direct knowledge of the matter said Tuesday. Investor commitments are due April 22, added the person, asking not to be identified because discussions are private.
March ...
