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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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OLB and a.s.r will split the loans between them -
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Private lenders have seized their chance
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Buy-side firm allocates capital to private credit managers across a range of strategies
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At least 14 lenders join to make £3.5bn of loans
