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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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South African bank paid slightly wider margin than last year -
Banks should stop blaming issuers and start providing opportunities
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Montagu-owned company has suffered supply chain problems
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Garrett brings recap loan, VTU closes financing for its LBO
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Investors look for good names as spreads stabilise
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The €1.3bn-equivalent TLB is partly refinancing but TMF is acquisitive
