EuroWeek View: First chance for NDS is last chance for levfin
NDS is in the market with the biggest primary leveraged loan to launch this year in Europe. Appetite for this rare transaction among bank lenders and funds is still hard to gauge, and there are already concerns the deal is too ambitious. Regardless, it is the best opportunity for a new launch there has been so far this year.
The land of primary leveraged loans has been a pretty desolate place in the last nine months. Any hopes that the market would pick up in 2008 following its near-demise in mid-2007 were shattered by a second calamity, the collapse of Lehman Brothers.
But almost two years after
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