UPDATE 1-TRLPC: PetSmart lines up $6.95B of debt to back buyout
December 16, 2014 at 11:43 AM EST
NEW YORK, Dec 16 (Reuters) - Citigroup, Nomura, Jefferies, Barclays and Deutsche Bank have committed to provide $6.95 billion of debt to finance the $8.7 billion purchase of PetSmart Inc, the largest leveraged buyout of 2014. The pet store announced Sunday that it had agreed to be purchased by a private equity consortium led by BC Partners.