All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
SecuritizationCLOs-CDOs

Shutter on Fotolia's loan issuance remains open

Fotolia

US stock photo website Fotolia expects to revise the terms of its $300m-equivalent cross border deal by tomorrow. Final commitments to the company's new debt package were meant to come in by Friday, but difficult market conditions in the US — namely the rates volatility seen after repeated indications from the Federal Reserve of the central bank's hope to start reducing quantitative easing this year — have slowed down the process, said a loans banker close to the deal.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree