(Reuters) - Rising corporate debt levels of almost 10 times profits,
compared with 6.5 times three years ago, according to Standard
& Poor's data, will also make some companies struggle to
refinance during times of trouble, they said at a Corporate
Restructuring Conference in London on Wednesday.
"We're seeing a withdrawal of liquidity by prime brokers,
mainly the big investment banks lending to hedge funds, and by
lenders to parties willing to buy leveraged loans," said Robin
Doumar, managing partner at Park Square Capital, a London-based
fund with 2.25 billion euros under management.
Read more at Reuters.com Mergers News
compared with 6.5 times three years ago, according to Standard
& Poor's data, will also make some companies struggle to
refinance during times of trouble, they said at a Corporate
Restructuring Conference in London on Wednesday.
"We're seeing a withdrawal of liquidity by prime brokers,
mainly the big investment banks lending to hedge funds, and by
lenders to parties willing to buy leveraged loans," said Robin
Doumar, managing partner at Park Square Capital, a London-based
fund with 2.25 billion euros under management.
Read more at Reuters.com Mergers News
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