据克莱尔·鲁金报道，投行正在筹备最高达70亿欧元（约合79亿美元）的债务融资方案，用于支持西门子能源股份公司蒸汽轮机业务的潜在出售事宜。
Bankers are working on debt financings of up to €7 billion ($7.9 billion) to back a potential sale of Siemens Energy AG’s steam turbines business.
据知情人士透露，各家贷款机构正向潜在的私募股权买家推介金额在60亿至70亿欧元之间的债务方案。西门子能源今年8月曾宣布，计划将该业务板块独立出去，该部门还负责生产压缩机产品。
Lenders are pitching debt packages in the €6 billion to €7 billion range to potential private equity buyers, according to people familiar with the matter. Siemens Energy said in August that it was planning to separate the unit, which also makes compressors.
彭博社8月底的报道称，CVC资本合伙公司、EQT AB以及贝恩资本等大型并购基金均在考虑竞购该业务板块的多数股权，该板块估值有望超过100亿欧元。
Bloomberg News reported in late August that CVC Capital Partners, EQT AB and Bain Capital were among the large buyout firms considering bids for a majority stake in the division, which could be valued at more than €10 billion.
上述知情人士还透露，目前正在讨论的债务方案包含约45亿至50亿欧元的已提取信贷额度，包括杠杆贷款和高收益债券；此外预计还将包含约10亿欧元的未提取循环信贷额度以及15亿欧元的担保额度。
The debt packages being discussed comprise around €4.5 billion to €5 billion of drawn facilities such as leveraged loans and high yield bonds, said the people, asking not to be identified because the information is private. The financing is also expected to include large undrawn facilities of around €1 billion of revolving credit facility and some €1.5 billion of guarantee lines, they added.
按照该业务板块约9亿欧元的预估盈利水平计算，上述融资规模对应的杠杆率将维持在5倍左右。
At those levels, leverage would total around 5.0 times, based on the unit’s approximate earnings of €900 million, the people said.
西门子能源、CVC、贝恩资本及EQT的相关代表均未对此事作出回应。
Representatives of Siemens Energy, CVC, Bain Capital and EQT declined to comment.
目前西门子能源正着力优化业务结构，将投资重心转向发电与输电领域。这家蒸汽轮机业务板块又被称为“工业转型事业部”，主要为工业客户生产能源设备，与公司其他以电力业务为主的业务板块存在明显区别。
Siemens Energy is making efforts to streamline its operations as it focuses its investments on power generation and transmission. The steam turbines unit, also called the Transformation of Industry division, makes energy equipment that mainly serves industrial customers, setting it apart from the company’s electricity-focused businesses.
该公司在8月份表示，针对该业务板块的处置方案包括引入外部投资者，甚至通过资本市场进行融资；同时西门子能源计划保留该板块一定比例的少数股权。
Options for the division range from “bringing in external investors to a potential capital markets transaction,” the company said in August. Siemens Energy plans to retain a “meaningful” minority stake.