Europe’s Leveraged Loan Market Sees First Deal Scrapped Since March
- Restaurant Brands Iberia has halted a euro loan repricing
- Market has shown some recent softness amid wider volatility
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Europe’s booming leveraged loan market just had a reality check with the first halted transaction since a global banking crisis upended markets back in March.
Restaurant Brands Iberia has withdrawn a planned repricing of an existing euro-denominated loan, citing the “current challenging market backdrop,” according to a person with knowledge of the matter, who asked not to be identified as the information is private.