Carlyle to Manage Investments for Mortgage Fund Pivoting to CLOs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The matters approved by shareholders as described below will not take effect
unless certain subsequent conditions are met. These. | June 15, 2023
(Bloomberg) Global banks are growing wary of risky credits as turmoil envelops the industry, crushing the market for new leveraged finance deals just as it was beginning to regain its footing. Bank underwriters across the US and Europe are pulling sales and pausing future ones amid tepid demand. Barclays Plc recently shelved a pair of loans for Ineos Enterprises and Russell Investments, while JPMorgan Chase & Co. yanked a deal for Agiliti Health. “The primary loan market feels like a Scooby Doo ghost town recently deserted and a bit haunted,” said Scott Macklin, director of leveraged loans at AllianceBernstein. The sudden takeover of Credit Suisse Group AG and the failure of a trio of US regional lenders sparked renewed fears among investors who were already forecasting a recession. The timing could hardly be worse for Wall Street’s lucrative leveraged lending desks, which are still seeking to offload billions of dollars of risky corporate debt stuck on their books to institu