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Banks will start selling debt tied to TXU's (TXU Quote) leveraged buyout Monday, TheStreet.com has learned.
Chatter in the market placed the kickoff of the billion-dollar buyout financing sometime this week. But the bank group helping to finance the transaction, which includes Citigroup(C Quote) and JPMorgan Chase (JPM Quote), is now looking at a Monday launch. TXU, a big Texas utility, is being purchased by a group led by Kohlberg Kravis Roberts, Goldman Sachs and TPG Capital.
Citi and JPMorgan are expected to sell some $5 billion of loans to help finance the private equity group's $32 billion acquisition. Credit Suisse (CS Quote) is also involved in the deal, representing TXU. ...
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