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Investing.com -- A group of major banks are preparing funding packages of approximately $12 billion for Walgreens Boots Alliance (NASDAQ:WBA) Inc, according to a Bloomberg report on Tuesday. This funding is intended to support a potential take-private deal by Sycamore Partners, which would be one of the largest leveraged buyout debt deals since the global financial crisis.
The banks involved in this funding effort include Citi, Goldman Sachs Group Inc (NYSE:GS)., JPMorgan Chase & Co. (NYSE:JPM), UBS Group AG (NYSE:UBS), and Wells Fargo (NYSE:WFC) & Co. They are crafting financing proposals for the private equity firm, which is close to finalizing a deal for the international retail drugstore chain.
It is reported that additional banks are likely to join the lending group in the near future.
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