Bridge to Somewhere? Banks See HY Return

Sheahan, Matthew
June 2010
High Yield Report;6/21/2010, Vol. 21 Issue 25, p15
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.


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