The best-performing U.S. corporate debt market is showing a few cracks.
A $6.5 billion loan that helped finance the leveraged buyout of a Thomson Reuters Corp. unit is quoted at around 97.25 cents on the dollar, after being sold for just shy of 100 cents. The $5.05 billion of loans for KKR & Co.’s buyout of Envision Healthcare are now quoted at about 96.125 cents on the dollar, around two months after being issued at 99.75 cents.
