UK levfin faces obstruction as Brexit chaos reigns

Big ben United Kingdom parliament UK lawmakers Adobe stock
By Owen Sanderson
05 Sep 2019

Leveraged finance bankers say they have a substantial deal pipeline in sterling to execute this autumn, while the UK's fall into political chaos threatens market volatility. Sub-investment grade buyers are likely to be offered buyout debt for Ei Group, Merlin and BCA Marketplace, among a flood of business totalling at least £15bn ($18.5bn), writes Owen Sanderson.

Underwriters of UK deals have wrestled with the same dilemma all summer: picking the right window to clear chunky debt packages for a string of buyouts while political instability and uncertainty over the country’s relationship with the European Union mount.

Lead managers have a jam-packed pipeline of UK ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.