LONDON (Reuters) - Banks are redoubling efforts to sell the 465 million euro ($619.50 million) leveraged loan backing private equity firm Kohlberg Kravis Roberts & Co.'s buyout of German telecoms company Versatel before year-end, sources said on Thursday.
Banks are offering several institutional investors deeper discounts to get rid of lingering exposure at a loss. KKR announced in May it was buying Versatel's shares for 246 million euros from Apax Partners, Cyrte and United Internet .
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