Veritas pulls $3.3bn LBO financing in weak US market

Max Bower,

Robert Cooke, Ross Lancaster, Victor Jimenez

November 18, 2015 11:00 AM

The weakness of the US leveraged finance market was brought home to market participants with a jolt on Tuesday, when the Carlyle Group, which is buying Veritas Technologies, a US data storage company, abandoned its attempt to raise $3.3bn of debt for the deal.

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MB

Max Bower

RC

Robert Cooke

RL

Ross Lancaster

VJ

Victor Jimenez