C · News · 20260807N

Acquisition / Partnership / Divestiture

CITIGROUP INC · 2026-08-07 · Importance 34 · Surprise 42

Citigroup is leading a US$2.45 billion debt financing package supporting KKR & Co.’s acquisition of Integer Holdings. The package comprises a US$2.1 billion term loan and a US$350 million revolving credit facility, with Barclays, UBS, and Jefferies participating. KKR agreed to acquire the medical-device maker for $4.4 billion, and the financing represents Citi’s second lead role in a major medical-device buyout in 2026 after an $8.75 billion Hologic financing.

Key facts

• Citigroup downgraded JetBlue Airways (NASDAQ:JBLU) from "Neutral" to "Sell" with a price target of $5.30, indicating a potential 14.38% downside. source
• The Czech National Bank increased its stake in Citigroup Inc. by 2% during the second quarter, bringing its total holdings to 485,473 shares valued at approximately $67.9 million. source
• Citigroup raised its price target for J Sainsbury (LON:SBRY) from GBX 330 to GBX 346, maintaining a "neutral" rating. source