Jefferies & Co announced that it will hand $5.2 billion worth of term loans to fund Carl Icahn's bid to acquire computer manufacturing giant Dell Inc., according to undisclosed sources.

The said funding will initiate on Monday at 4:00 p.m.  A billionaire who remains unknown is expected to join in on the investment, the sources followed.

The total amount loaned will be divided into two segments, a $2.2 billion term loan B-1 for six years and a $3 billion three-year term loan B-2. The tranche the lasts six years will have a standard 1 percent amortization. The latter tranche will have a 10 percent amortization, sources said.

Icahn refused to comment on the said transaction. The company reiterated its interest in buying Dell earlier this week in a telephone interview with Reuters on Tuesday.

"We expect to have $5.2 billion in the next couple of weeks. Our investment bank is already committing $1.6 billion and my affiliates and I would provide $2 billion, if necessary," said the company's spokesperson via phone.