Kohlberg Kravis Roberts appears likely to make a concession on the terms of the debt underlying its $29 billion buyout of First Data, people familiar with the matter have told The Wall Street Journal.
Many in the finance world are watching this negotiation as a prognosticate for the restructuring of the approximately $400 billion of leverage still in the pipeline, said Scott Zimmerman, an attorney in Dechert’s corporate and securities practice group.
