Wednesday, Jul 25, 2007
Corprorate debt dries up, what next for BTL
ft.com: Debt problems may signal end of buy-out boom
Equity and debt markets in the US and Europe faced the clearest signs yet of a credit crunch on Wednesday when it emerged that financing for two of the largest current leveraged buy-outs had struck significant difficulties.
In Europe, bankers leading the £9bn debt financing for Alliance Boots, the largest buy-out in UK history, threw in the towel on trying to place £5bn in senior loans and sold more junior debt at far bigger discounts than expected, leaving themselves with losses.
Credit crunch! here comes the housing depression of 2010 and beyond.
Posted by dobber @ 08:29 PM (169 views) Add Comment
4 Comments
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1. lvmreader said...
It's not just going to be a housing depression.
We are talking civil unrest here @dobber.
2. Scott said...
We need a war!
3. nearly30 said...
Wow wow - back up a mo!!
"deal volumes would now slow as a consequence of the turmoil in credit markets"
If true - that's some heavy ***!!!! Stating a turmoil is as good as declaring "iceberg ahead" - am I misguided here?
4. dohousescrashinthewoods said...
There was a cracking interview at 6:15 this morning on the Today programme - literally spelled out what has been buzzing around on this blog for weeks about a credit crunch. Clear, straightforward and unusual for the BBC as Evan Davis was the interviewer.
I will try and post a link.