LBO Debt Coming Due Is Next Big Test for Credit Markets, Says ICG
About this episode
David Saitowitz discusses the urgency for companies to refinance leveraged-buyout debt and the potential risks in credit markets.
Companies need to move fast to refinance leveraged-buyout debt coming due over the next few years, according to ICG. “Folks should start getting ahead of it because the traffic jam may be more the issue than anything,” David Saitowitz, the $126 billion global alternative asset manager’s head of US liquid credit, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Mike Holland in the latest Credit Edge podcast. “That could be the kind of risk event that may push the market wider for a period of time,” he says, referring to credit spreads. They also discuss the AI funding bubble, collateralized loan obligation performance and fallen-angel risk. See omnystudio.com/listener for privacy information.
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