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Athenahealth, McAfee Turn to Junk-Debt Market to Fund Buyouts

  • Issuers are rushing to debt markets to fund leveraged buyouts
  • Borrowers are seeking to get ahead of Federal Reserve hikes
Updated on

Athenahealth Group Inc. and McAfee Corp. are kicking off the week with jumbo junk-debt sales to help finance leveraged buyouts as companies attempt to clinch deals ahead of Federal Reserve interest-rate hikes. 

Athenaheath is looking to sell a $2.5 billion high-yield bond, as part of one of the largest sub-investment-grade offerings to hit the U.S. credit market this year, according to a person with knowledge of the matter who declined to comment because the details are private.