Fight for BSN to test leveraged finance market’s memory
Leveraged finance bankers are hoping that the inevitably strong competition among arranging banks for popular LBO credits will not lead to the market over-reaching as it did in the summer of 2011. Then a lack of deals in the early part of the year led to aggression in pitching for mandates and an over-crowded primary market by the summer — leaving banks long on most deals.
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