TITLE

Bridge to Somewhere? Banks See HY Return

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
June 2010
SOURCE
High Yield Report;6/21/2010, Vol. 21 Issue 25, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the optimism shown by banks for the recovery of the junk bond market as signified by the reappearance of the bridge loan in the debt packages of leveraged finance transactions in 2010. However, according to P.J. Solomon Company's Anders Maxwell, the first couple of transactions could possibly work, but could later lead to problems again. Several bridge loan deals are also cited, including the 1.1 billion U.S. dollar financing to support private equity company Thomas H. Lee Partners' acquisition of inVentive Health.
ACCESSION #
51642637

 

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