BSN already oversubscribed as RAC sets Tuesday meeting
There are strong signs that investors are ready to accept the more aggressive deals being brought to the leveraged loan market as bankers close to BSN Medical’s repricing said the book was already 1-1/2 times oversubscribed with two days to go before the commitment deadline.
BSNs strong reception will encourage the arrangers of RACs dividend recap, for which a bank meeting will be held on Tuesday October 9.
A weak M&A environment and the resulting low LBO dealflow has caused a build up in demand from loan investors, allowing private equity firms to squeeze
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