A Yell of pain as leveraged loans shape up

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A Yell of pain as leveraged loans shape up

Europe’s leveraged loan market appears in good shape, in stark contrast to its shabby health a year ago. Investors mulling the £425m of senior loans for Wood Mackenzie, the UK energy and mining consultancy, have overcome concerns over sterling swap costs and its lack of tangible assets and the deal is well oversubscribed.

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