Demand for aggressive buyout debt routs covenant defence
Leveraged finance investors in the US and Europe have scrambled for the bonds and loans backing leveraged buyouts of Thomson Reuters’ Financial & Risk business and Dutch chemical company AkzoNobel this week, with demand driving pricing tighter despite aggressive covenant packages. David Bell and Victor Jimenez report.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: