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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
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Trade was oversubscribed in under 20 minutes
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Other direct lenders in Europe are keen to follow in the manager’s footsteps
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Hire follows senior bankers quitting
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Acquisitive company also prints bonds following Valinor purchase
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BNP Paribas places full capital stack, with broadly syndicated investment grade tranches
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