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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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Borrowers likely to opt for bespoke credit structures while banks struggle with onerous capital requirements -
Stefan Scherff joins ING as director of loan capital markets
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Italian pharmacy group to refinance €460m of debt and pursue acquisitions
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Fossil fuel companies seen as changing faster are feeling the benefit in pricing
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US firm has pivoted to bigger deals and new origination structure
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Top tier name profits from its track record to pay lower upfront costs
