Refinancings take the stage in US HY as LBOs disappear
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Refinancings take the stage in US HY as LBOs disappear

The US high yield market is likely to move away from its staple fare of leveraged buyout financings in the coming months, bankers say, after LBO activity dwindled in the summer. This week $3bn of deals were priced by Thursday — none of them for new LBOs.

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