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Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
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Privately launched loans gain popularity amid volatile market -
Deals follow recent narrative of levfin market dominated by refis and financing for smaller bolt-ons
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Transaction bolsters stability of music catalogues as an asset class
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Constraints on senior investors could open chances for junior funds
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Changes are latest in a wave to refresh top echelon of EMEA bankers
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Around 35 axed in latest UK and Europe round
