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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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Both managers had to widen guidance in certain parts of the capital stack
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The secondary market has tightened more and is riskier than it looks
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Danish manager pushes prices tighter on euro CLO even as supply picks up
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Convenience retailer's IPO revives CVC's attempt two years ago that never reached ITF
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The manager’s short deal was pricier for the issuer than the 2018 new issue
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Morose investors doubt their ability to capitalise on crowded market