Financial Times FT.com

Private equity

TXU buy-out to be financed by $36bn debt

NEW YORK, Oct 5 (Reuters) - TXU, the Texas utility, said its takeover by Kohlberg Kravis Roberts & Co and TPG Capital will be financed by a $24.5bn senior secured bank loan and $11.25bn in senior unsecured bridge loans.

Of the $24.5bn financing, $20.55bn will be in the form of term loans, the company said.

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