Banks Prep £1.75 Billion Debt Package for KKR’s Spectris Bid

JPMorgan Chase & Co. is part of a group of lenders that’s arranging £1.75 billion ($2.38 billion) of debt financing for KKR & Co.’s planned acquisition of Spectris Plc, the British manufacturer of precision testing equipment and software.

Jefferies, Crédit Agricole SA and KKR Capital Markets also are participating, according to public filings. KKR has agreed to buy Spectris for £4.1 billion, topping a £3.8 billion bid from a consortium led by Advent.