The financing backing US private equity firm Blackstone Group’s (BX.N) acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit (TRI.TO) totals more than $15 billion, banking sources said on Friday.

The deal, which consists of a $14 billion loan and bond financing, also includes a $1 billion Payment In Kind (PIK) note at the holding company level, two sources said.

The $14 billion financing is currently being marketed to other banks by the three lead banks Bank of America Merrill Lynch, Citigroup and JP Morgan.

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