US levloan feels pricing pain, but balance of power intact

Pricing for European companies like Armacell and Altice marketing leveraged loans in the US has soared in the turmoil following the Fed’s signal on tapering QE, writes Olivier Holmey. But while deals in the less ramped up European market were largely unscathed, few bankers expect the setback to change the longer term appeal of either sector — especially with European CLOs under regulatory pressure.