W.R. Grace (NYSE:GRA) bidder 40 North said it submitted debt and equity commitment letters for its $70/share bid for the chemicals company, according to a regulatory filing.
40 North said its advisory banks and financing partners include JP Morgan, BNP Paribas, Citi, Deutsche Bank and Apollo, according to a letter 40 North sent to W.R. Grace CEO Hudson La Force. 40 North said it looked forward to concluding the process and being in a position to sign a definitive agreement within the next two weeks.
Last week in response to 40 North's increased $70 bid W.R. Grace requested that 40 North gave details of its and equity financing commitments.
