Silver Lake Secures $1.5 Billion Loan for Altera Acquisition

A group of banks led by Barclays Plc launched a $1.5 billion loan sale to support Silver Lake Management's acquisition of a majority stake in Altera Corp. from Intel Corp. The loan was led by Citigroup Inc., Royal Bank of Canada, and Deutsche Bank AG. Intel agreed to sell the stake to Silver Lake in April, valuing Altera at $8.75 billion. The loan sale is part of the US leveraged-loan market's busiest week since February.

A group of banks led by Barclays Plc has launched a $1.5 billion loan sale to support Silver Lake Management's acquisition of a majority stake in Altera Corp. from Intel Corp. [1] The loan was led by Citigroup Inc., Royal Bank of Canada, and Deutsche Bank AG, with a lender call scheduled for June 9 and commitments due on June 18 [1].

This loan sale is part of the US leveraged-loan market's busiest week since February, with 25 borrowers seeking funds for dividends, refinancing efforts, or mergers and acquisitions [1]. The transaction follows Intel's announcement in April of its agreement to sell the stake to Silver Lake, valuing Altera at $8.75 billion [1].

Intel will retain a 49% stake in Altera following the transaction, according to a statement at the time [1]. The loan sale comes as the industrial real estate sector continues to see significant activity, with a $700 million commercial mortgage-backed securities (CMBS) loan recently refinancing a 167-property industrial portfolio [2].

References:
[1] https://www.bloomberg.com/news/articles/2025-06-06/banks-launch-1-5-billion-loan-for-silver-lake-s-altera-stake
[2] https://commercialobserver.com/2025/06/deutsche-bank-barclays-refi-industrial-700m-cmbs-loan/