The $2.2 billion term loan backing Kinetic Concepts' buyout was probably not the best test case for using shorter dated loans to appeal to maturing close, a banker involved with the transaction said today.

Robert Schleusner, managing director and co-head of leveraged finance at Bank of America Merrill Lynch, told participants at the loan syndication and trading association's annual conference that BofA Merrill had "some success" in carving out a $325 million five-year tranche, "but I'm sure there were some guys (CLO managers) who could've done it if they liked the credit."

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