Report: Bank of Montreal Leads $2.55 Billion Loan in Nuvei Deal
NVEINuvei (NVEI) PYMNTS.com·2024-07-09 02:42

Bank of Montreal is reportedly leading a group of underwriters launching a 2.55billionloantobackthepreviouslyannouncedacquisitionofCanadianpaymentsprocessor Nuvei.Theloanwillhaveasevenyeartermandwillhelpfundthe2.55 billion loan to back the previously announced acquisition of Canadian payments processor Nuvei.The loan will have a seven-year term and will help fund the 6.3 billion leveraged buyout led by Advent International, management, Novacap and CDPQ, Bloomberg reported Monday (July 8), citing unnamed sources.The proposed loan would be the biggest such deal since April, when a $2.6 billion loan was sold to fund KKR’s purchase of a Broa ...