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Wednesday, 20 March 2019

Power Solutions junk bond pricing delayed to Monday

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  • Brookfield Asset Management headquarters

The junk bonds that will help finance Brookfield Business Partners’ buyout of Johnson Controls’ Power Solutions business are now expected to price on Monday, one of the banks leading the deal said.

The bonds were initially expected to price Friday.

“Given the cross-border nature of this transaction, Power Solutions allocations and pricing are anticipated Monday during European and US business hours,” said the bank in a note to the market.

 

 

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