TXU says buyout to be financed by $35.75 billion debt
NEW YORK, Oct 5 (Reuters) - Power company TXU Corp TXU.N said its takeover by Kohlberg Kravis Roberts & Co [KKR.UL] and TPG Capital LP [TPG.UL] will be financed by a $24.5 billion senior secured bank loan and $11.25 billion in senior unsecured bridge loans.
Of the $24.5 billion financing, $20.55 billion will be in the form of term loans, the company said. TXU is being bought for $32 billion excluding debt, or $69.25 a share.
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