Late LBO financing assuages high yield's defeat by levloans

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Late LBO financing assuages high yield's defeat by levloans

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In a rare win for the high yield bond market — which has repeatedly lost out to leveraged loans for new buyout financings this year — Schustermann & Borenstein, the German fashion retailer, on Monday began roadshowing a €260m bond to fund its acquisition by Permira.

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