RAC holds bank meeting as levloan market keeps going, in contrast to high yield bonds

Bond Market
By Ross Lancaster
16 Oct 2014

UK car breakdown recovery firm RAC marketed its £1.25bn recapitalisation and refinancing loan to lenders on Thursday, signalling that the leveraged loan market is battered but still functioning.

How high yield bond investors must wish for a market like that. Autumn has not been kind to many levfin issuers, but those seeking loans have seen their deals get done. In the last two weeks, they have also been able to bring new supply to the market, ...

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