Sotheby's Secures $100 Million Debt Deal with KKR

Sotheby's, the auction house owned by billionaire Patrick Drahi, has finalized a $100 million debt facility with KKR, backed by its auction fees, adding another layer of debt to the company.

21 Apr, 04:00 — 21 Apr, 04:00

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FTVery High18d ago

Sotheby’s strikes $100mn debt deal with KKR backed by auction fees

Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi

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Sotheby's Secures $100 Million Debt Deal with KKR

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Sotheby’s strikes $100mn debt deal with KKR backed by auction fees

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