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. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.