The Return of OIDs In Leveraged Loans

Kantin, Kerry
June 2005
Investment Dealers' Digest;6/6/2005, Vol. 72 Issue 22, p15
Trade Publication
The article focuses on trends in the leveraged loan market. Not only has pricing been flexed up for a number of deals that currently are in syndication or have recently closed, but there also have been a handful of loans in which the banks have granted investors something they haven't seen in a long time: the original issue discount. Overall, conditions still favor issuers, as the market remains awash with liquidity and demand for loan paper remains strong. But people did take notice when the list of deals for which pricing was flexed up began to grow, as this has not been the case for quite some time.


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