Barclays Capital Rises, ‘Big-Boy Checkbook’ in Hand –

The American pipeline operator Kinder Morgan struck one of the biggest deals of the year nearly a month ago with its $21.1 billion purchase of a rival, the El Paso Corporation.

What was just as notable was the financing backing the deal — a $13.3 billion loan package arranged by Barclays Capital, one of the largest financing efforts that the bank had made on its own. It was the second time this year that the British investment bank took the initial financing of a megadeal upon its shoulders. In August, Barclays lent $8.3 billion to Hewlett-Packard to help pay for its $11.7 billion purchase of the British software company Autonomy.

via Barclays Capital Rises, ‘Big-Boy Checkbook’ in Hand –