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Bloomberg: Citigroup, Goldman Offload $1.8 Billion of BioMed-Buyout Debt

According to Bloomberg:

Citigroup Inc. and Goldman Sachs Group Inc. pulled off a sale of about $1.8 billion in bonds linked to Blackstone Group LP’s acquisition of BioMed Realty Trust Inc., clearing their books of loans that have been parked there for months.

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Even with that success, gyrations in the bond market signal that banks will be reluctant to fund future large buyouts, according to Jim Sullivan, a managing director at Green Street Advisors LLC, a real estate research company.

“Some leveraged buyers who use CMBS certainly have a headwind,” Sullivan said.

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To view the full article from Bloomberg, click here.