EuroWeek Poll: Mezz may be needed to plug leverage gap
Mezzanine lenders will play a larger role in LBO financings as demand for leveraged loans and high yield bonds dries up, according to a EuroWeek survey of market participants.
Some 60% of those polled thought that mezz offered flexibility to sponsors and was the natural way to fill the funding gap.
Bookrunners on Securitas Direct’s Skr21bn (€2.3bn) LBO debt were able to derisk recently by replacing some of their bridge to high yield bond loans with a ...Already a subscriber? Login