U.S. lawmakers await the results of a Department of Veterans Affairs probe into why an agency employee processed more than 1,500 awards just under a monetary threshold that would require public disclosure of the contracts.
Kinetic Concepts Inc., the wound- care company that’s being purchased by Apax Partners Inc., is among companies planning to sell at least $3.3 billion of bonds in the U.S., according to data compiled by Bloomberg.
Clal Biotechnology Industries Ltd. is working with Jefferies Group Inc. to find a partner for its wound-care business after Teva Pharmaceutical Industries Ltd. ended an alliance, two people with knowledge of the plan said.
Kinetic Concepts Inc., a wound care company, changed the structure and proposed rates on a portion of a financing backing it’s buyout by Apax Partners Inc., according to two people with knowledge of the deal.
Carlyle Group LP, the world’s largest private-equity firm, is re-balancing the $4.3 billion buyout financing for DuPont’s auto-paint unit in favor of secured debt in euros at the expense of unsecured dollar debt, according to two people with knowledge of the transaction.
Carlyle Group LP cut the interest rate it will pay on a $3.22 billion of loans the private-equity firm is seeking to back its purchase of DuPont Co.’s auto-paint unit, according to a person with knowledge of the transaction.