In The News

Reuters Quotes Finance Partner on Loan Package for Burger King-Tim Hortons Deal

Practices: Finance

Finance partner Steven Rutkovsky (New York) is quoted in a Sept. 11 Reuters article titled “TRLPC: Burger King markets $7.25 billion loan package for Tim Hortons buy.” Mr. Rutkovsky explains that the financial sponsors confirmed financing before regulatory approval of the deal in order to “get out in front of some of the deals in the pipeline.” He notes the risks involved if they did not secure the financing: “Given the size of the deal, there’s greater risk that the banks could have difficulty pushing out this paper.”

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