High yield blowouts for Kabel BW, Phones4U as sponsors shun loans
The leveraged loan market lost out to high yield bonds this week as private equity sponsors chose to take advantage of the looser covenants and greater leverage available in the public markets.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts