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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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Second lien debt extinguished in restructuring -
Template for water-linked SLLs designed for big consumers
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Various strategies will be offered via platform aimed at HNWI investors
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Direct lender raises cash to pursue larger deals
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Documentation changed in investors' favour after delays and yield rise
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