NEW YORK - Morgar Guaranty Trust Co. has been tapped to arrange $1.1 billion it loans to finance Eaton Corp.'s purchase of a Westinghouse Electric Corp. unit that makes electrical devices.

The deal is the latest in a string of acquisitions this summer providing fresh business for lenders. Many of the acquisitions are related to the sale or spinning off of subsidiaries by companies that are narrowing their focus.

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