Special report — In distress: leveraged loan market grapples with restructuring
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Special report — In distress: leveraged loan market grapples with restructuring

A shallow pool of distressed-debt investors, bank lenders postponing inevitable losses and the difficulty of calling a bottom for company valuations are combining to make debt-for-equity restructurings a traumatic process. Tessa Wilkie reports on the outlook for a leveraged loan market attempting to sort out the turmoil of collapsing deals.

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