LKQ adds reverse Yankee to record HY LBO issuance

By Victor Jimenez
19 Mar 2018

Funding for leveraged buyouts in the European primary high yield market gained further share of overall issuance this week, as specialty car parts maker LKQ of Chicago sold a €1bn bond for its acquisition of German peer Stahlgruber.

The US borrower is becoming a familiar name in the euro high yield market as it asks European investors to finance its corporate acquisitions in Eurozone markets.

It first issued euros two years ago, in May 2016, after buying Rhiag-Inter Auto Parts Italia near Milan. On Monday, ...

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