The bank consortium led by Deutsche Bank AG has underwritten a $1.2 billion loan for the acquisition of Conga Corp., which has gone unanswered as investors are affected by concerns related to AI. The consortium will support this acquisition deal through a $625 million term loan and a $540 million loan maturing in 2028
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A $1.2 billion loan underwritten by a banking consortium led by Deutsche Bank for a software vendor's acquisition has gone unanswered, as investors are overshadowed by concerns related to AI. In the future, the banking consortium will support Conga Corp.'s acquisition deal through a $625 million term loan and a $540 million loan maturing in 2028
