News Exclusive | Citrix Debt Deal Prices With Large Losses for Banks

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Updated Sept. 21, 2022 10:20 am ET Investment banks including Bank of America Credit Suisse Group and Goldman Sachs Group are on track to collectively lose more than $500 million on debt backing the largest U.S. leveraged buyout of the year after it was sold to investors at a steep discount. The $4 billion in bonds backing the $16.5 billion take-private deal for Citrix Systems were auctioned off...

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