Deals
Deutsche Bank Offloads $425 Million Loan for Fonts Maker Buyout
- Debt was sold at a steep discount following investor concerns
- Loan was among $2 billion banks have been forced to fund
The Deutsche Bank AG twin towers in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
A group of lenders led by Deutsche Bank Group AG has managed to offload a $425 million loan for the buyout of type-font designer Monotype Imaging Holdings Inc. after laboring for weeks to find buyers, according to people familiar with the matter.
The debt is among the more than $2 billion of loans to highly indebted companies that underwriters were forced to fund with their own cash in recent months as investors stepped back from riskier deals.