(Reuters) - The $3.5 billion bank loan financing for the buyout of GM's Allison Transmission unit was the largest leveraged loan deal to be postponed this year and came as hedge funds exited the market for the low-rated bonds, according to Reuters Loan Pricing Corp.
Concerns about fallout from the subprime mortgage crisis and an overhang of about $250 billion in leveraged loan financing that needs to be completed have caused investors to retreat to the sidelines.
Read more at Reuters.com Business News
Concerns about fallout from the subprime mortgage crisis and an overhang of about $250 billion in leveraged loan financing that needs to be completed have caused investors to retreat to the sidelines.
Read more at Reuters.com Business News
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