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Leveraged Loan Market Refills After M&A Lending Pickup in Europe

  • Financing for acquisition of WSH launches, Ahlsell lines up
  • Volume of paper will test investor demand after quiet spell

Europe’s leveraged loan market is finally up and running again. More paper launched last week than in any week since early November at 3.5 billion euros ($4.0 billion), according to date compiled by Bloomberg. Nearly all of it supports M&A activity, and more is set to come.

The buyout of U.K. catering business WSH Investments Ltd. reached formal syndication Monday and the debt backing CVC Advisers Ltd.’s take-private of tool hire business Ahlsell AB should also launch soon, according to people familiar with the matter who declined to be identified.