Quotes from the news wire:
As leverage levels have been forced down by the guidance, the size of second-lien tranches appears to have gotten smaller in some cases, making them less liquid and therefore less attractive to syndicate.
Found on Reuters 9 years ago
The lender benefits from a greater allocation than it would otherwise get and receives an attractive return, but the cost to the borrower is still inside the flex that arrangers would have insisted on if the loan was to be syndicated.
Found on Reuters 9 years ago
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