tell us a little bit more about the structure of this deal and its significance right so these banks are basically backing the private equity firm g tcr which is based in chicago right and its mainly jp morgan to goldman sachs but also other names involved include deutsche bank as well and ubs and wells fargo citi they all have a piece of the pie theyre lining up about 84 billion worth of leverage loans and high yield bonds and another 125 billion in a revolving credit facility and that would value the target which as you said is world pay at 18 and a half billion dollars in total now currently worldpay is a unit of pfizer fidelity national information services has acquired it back only in 2019 for 41 billion so this is a huge write down in a way for worldpay that happened earlier this year wrote down its acquisition by 70 and a half billion dollars at the time if i thought it would spin off world business now its actually a leveraged buyout and its been called a separation path by the newly installed ceo of fis stephanie ferris whos trying to engender a turnaround because fisa has really been suffering from having worldpay which by the way handles card payments for businesses all over the world and has huge volume its volume last year was about 2 trillion it just hasnt really been able to keep up with all of the upstarts from the tiny companies the likes of needham based in singapore write to the huge companies like stripe in the united states which by the way are also still private the deal has a bit of resonance on wall street though yeah exactly heidi i mean is this what weve been waiting for it is a pretty massive deal and it looks like the banks are very happy to take it on and to pass on this debt in the form of syndication from september onwards according to sources to bloomberg they have some clients lined up some institutional clients and if you think about it the last time we saw a deal bigger than this was about a year ago and that was twitter that was the twitter deal and we know how that turned out banks were maybe not as enthusiastic about that particular deal but theyre very enthusiastic about this deal its a little bit smaller for the banks eight and half billion versus the 13 that they agreed to lend elon musk for his takeover of twitter but this for a change is a quote unquote normal deal worldpay has a very good reputation the banks are very happy to provide this financing and i guess theyre looking forward to syndicating it and have institutional buyers buy it so if this is a tiny sign of the nascent recovery in dealmaking that we were looking for then thats good news all around and its certainly making things a little bit more enthusiastic for those dealmakers on wall street