ION Markets Delays $1.8 Billion Leveraged Loan Sale to Friday
- Commitments on the leveraged loan deal originally due Tuesday
- Transaction would lower rate on existing debt, pay dividends
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ION Markets, a unit of Andrea Pignataro’s ION Group, has extended the deadline for a new $1.825 billion leveraged loan sale by three days, giving investors more time to decide whether to participate in the deal, according to a person with knowledge of the matter.
The delay comes at a time when borrowers have generally seen strong demand for new loan sales. It brings the official deadline for investors to submit their orders to Friday at 10:00 a.m., New York time, said the person, who asked not to be identified discussing a private transaction.