Loan Prices Poised to Fall for Sixth Week on Greek Debt Crisis

Leveraged loan prices in the U.S. are poised to fall for a sixth consecutive week, led by Caesars Entertainment Corp., the world’s biggest casino operator, and First Data Corp. amid concerns that Greece may default and signs of a slowing economy.

The Standard & Poor’s/LSTA U.S. Leveraged Loan 100 index has declined for 12 consecutive days to 94.32 cents on the dollar in a six week slump not seen since December 2008 and the longest daily losing streak in almost five years. Caesars $3 billion term loan declined this week by 1.36 percent to 89.66 cents on the dollar, according to data provider Markit Group Ltd. A $4.3 billion loan for First Data Corp., the credit card processor acquired by KKR & Co. in 2007, fell by 0.51 percent to