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Robust loan demand sinks Gardner Denver’s borrowing costs

NEW YORK - Global industrial manufacturer Gardner Denver this week raised $2.825 billion in leveraged loans to fund its acquisition by private equity sponsor Kohlberg Kravis Roberts & Co. Hefty demand for the loans sent yields on both the U.S. dollar and euro tranches below 5 percent, with the U.S. dollar TLB upsized by $100 million.

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