04-04-2025
HSBC, Lloyds Provide £600 Million Debt for Kee Safety Buyout
HSBC Holdings Plc and Lloyds Banking Group Plc have together led about £600 million ($781 million) of debt financing to support the acquisition of UK-based safety systems firm Kee Safety.
Both banks are anchor lenders for the transaction, and Lloyds' portion included cash from its joint-venture with Oaktree Capital Management, which was announced last year, according to people familiar with the matter who asked not to be identified because the deal is private.
