TITLE

Concerns over Access to European HY

AUTHOR(S)
Iyer-Ahrestani, Savita
PUB. DATE
November 2011
SOURCE
High Yield Report;11/21/2011, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses concerns about the ability of sponsors to get financing for leveraged buyouts (LBO) and the ability of companies to refinance debts maturing in 2013. The situation confronting a number of European banks is demonstrated through jumbo financing like the France Telecom's sale of Orange Switzerland. Reasons for this are explained in terms of the lack of liquidity and the difficulty in determining the market clearing price.
ACCESSION #
67650030

 

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