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A slow destruction of misallocated investment is more likely than a sudden stop
LBO financing includes $5.75bn term loan to be priced early next week
Investors eye 2028, 2031, 2032 as big years for loan maturities
Even leveraged deals still being underwritten, though banks are selective
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Deal printed with a margin of Euribor plus 500bp and issue price of 98 -
Deal comprised a €795m TLB, €150m RCF and €50m capex facility
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Albacore and Muzinich latest to launch funds
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Direct lenders poised to take advantage of any slump in issuance
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Private credit firm developed its own model and methodology
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