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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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Investment manager did not have to pay a premium for pricing a deal on a highly uncertain day -
Fears are justified but hold the alarm as investors take stock, bankers say
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Bankers with 20 years’ experience are deserting investment banks for funds
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Record issuance volumes hide negligible net growth in the US, European market fears similar dynamic
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Existing investors had asked the Canadian asset manager to carry out the reset
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