Power Deal Suggests High-Yield Resurgence

24 Apr 2008

A $750 million financing backing Industry Funds Management's $1.477 billion acquisition of a 1.7 GW portfolio from Consolidated Edison Development may be a sign the high-yield market is expected to return, some bankers say.

A $750 million financing backing Industry Funds Management's $1.477 billion acquisition of a 1.7 GW portfolio from Consolidated Edison Development may be a sign the high-yield market is expected to return, some bankers say. "It's similar to subordinate tranches that were popular until the sub-prime crisis," says one. ...

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