Blackstone, Centerbridge Look to Restart M&A Borrowing Binge
- Debt offerings for leveraged buyouts among deals lined up
- Divided government, lower yields expected to fuel issuance
Photographer: Munshi Ahmed/Bloomberg
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The U.S. presidential election may not be settled for days, or even weeks. But don’t expect buyout bankers to be sitting around.
Issuance of junk-rated bonds and loans -- including debt to finance risky leveraged acquisitions -- could resume in a matter of days, as the prospect of gridlock in Washington assuages fears of major regulatory overhauls, corporate tax hikes and rising borrowing costs.