Dec
04
Wall Street Banks Eye a $600 Million Payday on CVS, Aetna Deal
By-
Barclays, Goldman Sachs and BofA commit $49 billion in funding
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Transaction to be backed by biggest U.S. bridge loan of 2017
Wall Street banks including Barclays, Goldman Sachs and Bank of America could share in a fee bonanza of as much as $600 million, after pledging one of the biggest financing checks ever to help fund CVS’s $67.5 billion takeover of Aetna.
The companies are set to shell out fees for M&A advisory, financing and also arranging a bond sale next year to replace a $40 billion bridge loan from the three banks. Banks providing that loan could split up to $150 million, while underwriters on any debt sale could extract around $200 million combined, according to Freeman Consulting Services. The M&A advisers could net as much as $250 million in total, the firm estimated…
Wall Street Banks Eye a $600 Million Payday on CVS, Aetna Deal
