Deals
Lenders Line Up $2.6 Billion Debt for EBay Classifieds Bidders
- EBay said in February it was in talks over a transaction
- Debt for transaction will come in mix of euros and dollars
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Private equity firms competing to win the auction of EBay Inc.’s classified-advertising business may raise up to 2.3 billion euros ($2.6 billion) of debt to fund the deal, according to people familiar with the situation.
Final bids are due in the first week of July. The remaining participants include a sponsor consortium comprising Blackstone Group Inc, Permira and Hellman & Friedman LLC, global consumer internet group Prosus NV, and online classifieds company Adevinta ASA, according to five of the people.