Banks including Goldman Sachs and Citigroup have launched a €7.45 billion ($8.1 billion) debt sale to finance Clayton Dubilier & Rice’s purchase of a stake in Sanofi SA’s consumer health division.

The sale consists of €5.45 billion-equivalent in euro- and dollar-denominated leveraged loans. Lenders are also marketing €2 billion-equivalent in bonds, with at least half of that denominated in euros. Commitments on the loans are due at the beginning of April.

A revolving credit facility of €1.2 billion will also be part of the Sanofi package, Bloomberg previously reported, bringing the total debt to €8.65 billion.

Global co-ordinators on the financing include BNP Paribas SA, Citigroup, Goldman Sachs, Morgan Stanley, Barclays Plc, HSBC Holdings Plc and Societe Generale SA, according to people familiar with the matter.

Source: Finance.Yahoo