Banks Prep Sale of BASF Coatings’ €4 Billion Buyout Debt

Banks are preparing to sell about €4 billion ($4.7 billion) of debt to finance Carlyle Inc.’s acquisition of BASF SE’s coatings business.

Bank of America Corp. and Goldman Sachs Group Inc. are among lenders looking to sell the loan and bond financing towards the end of March or beginning of April, according to people familiar with the matter, who asked not to be identified because the talks are private. The debt includes leveraged loans in dollars and euros, as well as euro-denominated senior secured notes, the people added.