Banks Want Role in RJR Refinancing: Banks...
From Times Staff and Wire Service Reports
Banks Want Role in RJR Refinancing: Banks are rushing to participate in a $2.25-billion loan to RJR Nabisco Inc. and the loan is already oversubscribed 10 days before the deadline for banks to respond, banking sources said. The loan is crucial to refinancing part of the $25 billion spent to buy RJR Nabisco Inc. Kohlberg Kravis Roberts & Co., which bought RJR Nabisco in the leveraged buyout last year, declined comment. RJR also had no comment. In a leveraged buyout, investors borrow money against the assets of a company to take the firm private.
