Sky News in the United Kingdom reports that private equity firm Sycamore Partners has obtained bank financing for the acquisition of the chain pharmacy Walgreens (WBA.US).
The report states that Sycamore is negotiating loans with banks including Bank of America (BAC.US), JPMorgan (JPM.US), and Wells Fargo & Co (WFC.US).
Walgreens rose over 4% on Friday.