KKR To Syndicate $675M Loan To Fund $3.9B Gardner Buyout

Law360, New York (April 22, 2013, 5:05 PM EDT) -- Private equity giant KKR & Co. LP will syndicate a $675 million bridge loan to help fund its $3.9 billion acquisition of Pennsylvania-based industrial-parts maker Gardner Denver Inc., according to a regulatory filing by Gardner Denver on Monday.

KKR, which in March announced plans to take Gardner Denver private, had said it would fund the deal with a combination of senior secured debt and a bridge loan. The New York-based private equity firm now plans to put the bridge financing out to the market, according to...
To view the full article, register now.