Truist Insurance Wraps $6.1 Billion Bond, Loan Sale for LBO

-- A group of debt arrangers led by Morgan Stanley and JPMorgan Chase & Co. priced $6.1 billion in high-yield bonds and leveraged loans to support Stone Point Capital and Clayton Dubilier & Rice’s acquisition of Truist Financial Corp.’s insurance business.The group sold $3 billion in bonds Friday concurrently with a $3.

A representative for Morgan Stanley declined to comment. Representatives for JPMorgan, Truist, Stone Point and CD&R didn’t immediately respond to requests for comment. This little-known Japanese company is a key player in the leading-edge chip industry—and that’s setting it up for success amid the AI boom

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Truist Insurance Kicks Off $2.75 Billion Junk Bond Sale for LBOA group of debt arrangers led by Morgan Stanley kicked off marketing on a $2.75 billion high-yield bond that will support Stone Point Capital and Clayton Dubilier & Rice’s acquisition of Truist Financial Corp.’s insurance business.
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