Loan market’s biggest test

14 Jul 2010

The leveraged loan market is bracing itself for the biggest test of the year. The private equity firms circling Australia’s Healthscope are set to submit bids for the company this week.

The indicative bids valued Healthscope at a touch over A$1.8bn ($1.6bn) and will be supported by total debt packages that could reach A$1.5bn, according to those in the know — making this the biggest splash in Asia Pacific leveraged finance for quite some time.

Given the size of the ...

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