Buyers rush into Johnson as floodgates open

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Buyers rush into Johnson as floodgates open

Johnson Controls

The leveraged finance market is feasting on the $10.2bn financing for the buyout of Johnson Controls’ batteries business by Caisse de dépôt et placement du Québec. Levfin players believe its success is in part due to a lack of jumbo supply in the US prior to the trade.

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