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Update (adds lenders): Advent and Cinven to buy thyssenkrupp's lift unit

02 Mar 2020

Debt financing of c.EUR9-EUR10bn is being lined up to back the EUR17.2bn buyout of German industrial conglomerate thyssenkrupp's lift technology business by investor duo Advent and Cinven.

Capital structure is being finalised, but is said to include a PIK note.

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