Kohlberg Kravis Roberts & Co. is at it again, trying to push what many bankers believe is an aggressively structured bank loan through the market.

Canadian Imperial Bank of Commerce and Bank of Nova Scotia, along with Merrill Lynch & Co., have agreed to fully underwrite the $1.1 billion loan for New York-based KKR. The loan is funding Shoppers Drug Mart, a Canadian drug store chain that KKR bought from Imasco Ltd. in November for $1.7 billion.

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