NEW YORK — A story in the September 4 edition of the New York Times has questioned whether investment bankers will be able to raise the funds they need to take credit card processor First Data private.

Under the deal which was announced back in April, seven banks backed the privatization with $24 billion that they, in turn, wanted to offer investors in form of loans and bonds to move First Data from being a public company to one owned by the private equity firm Kohlberg, Kravis Roberts.

But the Times story pointed out that since late June many of the sorts of buyers who have usually financed these days have lost some of the interest in them or have demanded discounts and stricter repayment terms. The Times quoted First Data CEO Henry Duques as saying the firm's leadership was preparing for a “road show” to sell the financing for the deal. “It would be nice if somebody wanted to buy the debt at a reasons price,” Duques is quoted as saying.