Digital marketing company CM Group has become the second company to withdraw a U.S. leveraged loan sale in as many days as some investors that buy the risky debt become more selective amid a year-end deal surge.
The four-year-old company, which owns Campaign Manager and other email marketing platforms, shelved a $590 million seven-year offering that was meant to help finance its merger with Cheetah Digital Inc. and refinance existing debt, according to people with knowledge of the matter.
