Update: Market Chatter: Barclays Leads $2.8 Billion Financing Package for Lone Star's ContiTech Acquisition

09:32 AM EDT, 09/09/2026 (MT Newswires) -- (Updates headline and adds Barclays' response in the fourth paragraph.) Barclays (BCS) is leading a group of lenders preparing a 2.4 billion-euro ($2.8 billion) financing package to support Lone Star Funds' acquisition of industrial-products manufacturer ContiTech, Bloomberg reported Wednesday. The financing is expected to include a 1.9 billion-euro term loan and a 500 million-euro high-yield bond, according to the report, which cited people familiar with the matter. The term loan will be sold to investors in the leveraged-loan market in US dollars and euros, and the transaction could launch as soon as this month. In July, an affiliate of Lone Star Fund XIII agreed to acquire ContiTech from Germany's Continental AG for 4 billion euros. The transaction also includes a performance-based element of up to 250 million euros. Barclays declined to comment when contacted by MT Newswires. Shares of Barclays were down 2% pre-bell. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)