EuroWeek Poll: Mezz may be needed to plug leverage gap

31 Aug 2011

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 ...

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