Hungry euro levloan investors win out as dollar buyers lose appetite

By Ross Lancaster
05 Jun 2014

The European leveraged loan market, usually the weaker rival of its larger US counterpart, is punching above its weight as US mutual funds have faltered in their enthusiasm for buy-out debt.

This week two European borrowers that were seeking leveraged debt in both the US and European markets shrank their dollar tranches and took the lion's share of the debt in euros, because it offered better pricing.

Deoleo, the Spanish olive oil producer, scrapped the dollar element altogether on its 

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial