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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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While triple-As appear to have hit a floor, managers are pushing for tighter triple-Bs
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New managers are rare, despite improved arb, as debut issuers need to come with a long-term plan
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Alcentra, KKR among the top-tier managers who could tighten spreads
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Spreads have widened slightly, investors say, but big issuers may change the score
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The prominent euro manager's first dollar issue comes two years after hiring US director David Kim
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