KKR Undercuts Wall Street With a Last Minute $1 Billion Loan

KKR Undercuts Wall Street With a Last Minute $1 Billion Loan

Barclays Plc had the deal seemingly locked up. Along with a trio of smaller lenders, the bank had agreed to arrange a $1.1 billion loan for ACProducts’ buyout of a unit of rival Masco Corp. While the terms of the financing weren’t quite as good as the kitchen-cabinet...