LBO shops offering credit get best of both worlds - TheRealLSL -
Several debt deals have changed terms or been pulled from the market altogether, according to a Bloomberg story on March 17. Banks led by Royal Bank of Canada were stuck with $1.7 billion of loans for SS&C Technologies’ acquisition of Blue Prism.
A group of banks led by Bank of America had to offer a steep discount on a bond deal for industrial firm SPX Flow, according to a separate story from Bloomberg the same day, citing people familiar with the matter.FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022.
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