Deutsche Bank AG will lead a $4.325 billion bond-and-loan offering to help finance the buyouts of two casino-equipment firms that had planned to merge before Apollo Global Management Inc. swooped in with a $6.3 billion bid.
Potential sizes for the planned high-yield bond and leveraged loan have yet to be determined, according to a person familiar with the matter who asked not to be identified as the situation is private.
Proceeds would help finance Apollo’s purchase of Everi Holdings Inc. and the gaming and digital operations of International Game Technology Plc. IGT had reached a deal in February to merge those units with Everi, and Deutsche Bank and Macquarie Capital committed to provide $3.7 billion of financing.
