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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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Hires follow trio of joiners from Alcentra -
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Rumoured pricing considered a generous concession to investors
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Some call €630m deal a hybrid between private debt and traditional syndication
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