Syndication of a $1.4 billion revolving credit line for Borden Inc. has been put on hold as a result of the company's agreement to be acquired by Kohlberg Kravis Roberts & Co. for about $2 billion worth of RJR Nabisco common stock owned by a KKR partnership.

Citibank and Credit Suisse underwrote the Borden credit in midsummer, and by the end of August, 12 other banks had committed to the deal as co-agents. General syndication was to have begun later this month, but that schedule has now been thrown off by the acquisition agreement.

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