LBO wave gathers momentum
A number of peak time LBOs are approaching maturity and will need to be refinanced with Eu40bn-Eu60bn due in 2013 and 2014 and Eu50bn-Eu60bn in 2015. The leveraged loan market and the high yield bond market are battling it out to take out some of the big refinancing needs of these sub-investment grade borrowers. To find out the prospects for this coming wave of LBOs and who will take on the bulk of the refinancings, read EuroWeek on Friday.
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