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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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Admissions have been below expectations -
Deal finances January buyout by infra fund
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Direct lending group will focus on private equity clients
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Excellion Capital acted as debt advisor to the company
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Direct lenders cannot entirely replace syndicated debt markets
