Leveraged loan market shows signs of life in US after weak August
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THE leveraged loan market in the US is showing signs of revival after the weakest August for issuance since 2011.
At least four companies are said to be meeting with lenders this week for loans backing acquisitions. Issuers marketing debt include Berry Plastics Group, which is meeting lenders on Wednesday to discuss a US$1.9 billion loan backing its purchase of Avintiv Inc and Beacon Roofing Supply, which will do the same on Sept 10 for a financing backing its US$1.1 billion takeover of Roofing Supply Group.
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