Funds flood RBS WorldPay LBO

13 Sep 2010

The structure of the RBS WorldPay LBO has been amended to accommodate more non-bank investors, in what is the latest example of a leveraged loan market that has been overwhelmed by demand for deals from paper-hungry funds.

“The appetite from funds at the moment is massive,” said a loans banker. “Bank appetite has been constant all year, but demand from funds has been growing exponentially.”

The presence of investment funds in the market has peaked just as a number of leveraged deals have been launched this ...

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