Financing
The last resort?
With the ongoing turmoil in the banking sector continuing to limit the availability of debt financing, buyout houses seem to be increasingly turning to asset based lenders to fill the liquidity void. By Ashley Wassall
Buy now, while stocks last
Jonathan Broome, director of Close Brothers Corporate Finance Debt Advisory Group, looks at the buying opportunities in the secondary market
Public debt
Standard & Poor’s plans to publicly rate leveraged loan tranches in excess of €1bn may help get the syndication market moving, but at what cost? Nathan Williams reports
UK - RBS sells debt
According to reports, Royal Bank of Scotland has sold £4.2bn of loans used to finance private equity acquisitions to a consortium comprising Apollo, TPG and Blackstone's debt investment arm GSO Capital.
Not mezz-ing around
Now that the door has firmly shut on cheap debt and new types of junior products, mezzanine has a way into capital structures again. But it still faces competition and challenges in today's market. Linn Ronning speaks to mezzanine specialists to find...