Chemical Banking Corp. and Morgan Guaranty Trust Co. closed their $7.5 billion credit backing for Westinghouse Electric Corp.'s $5.4 billion acquisition of CBS Inc., with commitments from 48 additional banks.

The deal was oversubscribed, pulling in $14.4 billion. There were 25 senior managing agents contributing $199 million; seven managing agents contributing $160 million each; five co-agents contributing $100 million each; five lead managers contributing $50 million each; and six participants, contributing $25 million each.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.