Private equity firms demand curbs on LBO loan trading
Some European private equity firms are pressing banks to make it impossible to trade leveraged buyout loans in the secondary loan market without the private equity sponsors' consent.
The buyout houses appear to be anxious to stop their debt falling into the hands of hedge funds. Some private equity firms have even asked for language that specifically prohibits lenders from selling their debt to hedge funds.
They want future LBO loans to carry
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