Junk Loan Deals Are Now Getting Pulled on Both Sides of Atlantic
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Companies in both Europe and the US are shelving plans to tap the riskiest corner of the loan market after US President Donald Trump’s trade wars triggered economic uncertainty.
UK production company All3Media and French insurance broker April Group last week withdrew proposals to reprice existing leveraged loans in Europe, according to people familiar with the matter. Crop-protection company Rovensa pulled a planned €1.1 billion ($1.2 billion) loan refinancing and extension.