Bloomberg Business

Banks Kick Off $4.4 Billion Loan Sale for Worldpay Buyout

A group of banks led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. launched a $4.4 billion debt sale to fund GTCR’s purchase of a majority stake in payment processor Worldpay Inc., one of the most hotly anticipated deals in the leveraged finance market this year.

Legends in Talks for $1.85 Billion Private Credit Deal for ASM

Sixth Street Partners-backed Legends Hospitality is in talks with a group of private credit firms led by Ares Management Corp. and KKR & Co. to finance its potential acquisition of venue and events management company ASM Global, according to people with knowledge of the matter.

Amazon’s Next Big Bet: Restocking Shelves at Physical Stores

Amazon.com Inc. is offering a new service that will let its 2 million merchant partners deliver inventory directly to physical retail stores and warehouses, the latest push by the e-commerce giant to expand its logistics network beyond serving online shoppers.

Ukraine Recap: Putin to Meet Kim as NATO Warns on New Weapons

Vladimir Putin prepared to meet with North Korean leader Kim Jong Un, whose luxury armored train crossed into Russian territory. In the eastern port city of Vladivostok, the Russian president sought to reassure investors after a steep drop in the ruble exposed the country’s vulnerability to financial shocks.

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