Thanks, but no thanks: private equity rebuffs leverage offers

Leveraged lenders are becoming so aggressive in their pitches for new LBO transactions in Europe that sponsors are asking them to temper the leverage ratios that they are offering, write Nina Flitman and Stefanie Linhardt. For the first time that market participants can remember, sponsors of deals are stepping down from the frenzied leverage levels being put forward by underwriters for new money paper.