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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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Direct lender raises cash to pursue larger deals -
Documentation changed in investors' favour after delays and yield rise
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Rash of green-driven buyouts in public transport, waste management and energy
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Market debates ramifications of the dominance of club deals in the long term
