Deals
Cracks Forming in Leveraged Loan Market as Another Deal Pulled
- After a decade of easy money, five issuers have fallen flat
- Investors are waiting for higher-quality deals in pipeline
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The froth may not be off leveraged loans just yet, but with five deals falling through in the past few weeks, the market is definitely a little less giddy.
This time it’s Vewd Software. The streaming-service provider joins marketing firm Golden Hippo, Glass Mountain Pipeline Holdings LLC, Chief Power Finance LLC and fitness-center builder Life Time Inc. in dipping its toe in the water and finding borrowing conditions too cold.