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More big sales of leveraged loans coming
April 25, 2008 — 6:59am ET
You can sense the change in sentiment when it comes to leveraged loans. The buyers are there, in the form of big private equity firms that have formed distressed credit funds. Some like to view the situation as private equity bigs buying up the debts of their portfolio companies on the cheap. A bit like an exec buying stock in his own company. The latest: Deutsche Bank is preparing a big sale of leveraged loans, the Financial Times reports. It will apparently be announced with the bank's earnings. This would follow on the heels of Citigroup's blockbuster $12 billion sale. Demand is strong, and that may be reflected in terms. Both sides are incented.
For more:
- here's the Financial Times article
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