High yield goes portable as sponsors seek debt before asset sales
High yield and leveraged loan investors are being asked to buy debt without the conventional change of control put options, in another sign of the leveraged finance market’s bullishness.
Charterhouses French catering business Elior is seeking to issue a 300m senior secured seven year bond that would lack the traditional put at 101, exercisable if the company is sold.RPG Byty, the Czech residential property company, has also launched a 400m senior secured seven year which could be ...
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