Market Chatter: Banks Stuck With Buyout Debt as Patterson Deals Closes

MT Newswires Live

Apr 17

Banks led by UBS Group (UBS) and Citigroup (C) failed to offload $2.35 billion of debt in the buyout of Patterson's (PDCO), Bloomberg reported Thursday, citing people with knowledge of the matter.

Patterson said Thursday the buyout by Patient Square Capital has closed. The banks will be required to use their own balance sheets to fund the transaction, Bloomberg said.

UBS, Citigroup, Patterson and Patient Square didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 28.18, Change: +0.37, Percent Change: +1.33

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The banks will be required to use their own balance sheets to fund the transaction, Bloomberg said.</p><p>UBS, Citigroup, Patterson and Patient Square didn't immediately respond to requests for comment from MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 28.18, Change: +0.37, Percent Change: +1.33</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0170899867.USD","symbol_name":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2528728529","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2528728529","pubTimestamp":1744905538,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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