Risky loans flourish Down Under
October 25, 2019 at 04:46 AM EDT
* Loans: Aussie leveraged financiers take page from Wall Street playbook By Mariko Ishikawa SYDNEY, Oct 25 (LPC) - Burgeoning non-bank liquidity is helping to push the boundaries of leveraged loan terms Down Under with a surge in Term loan B and unitranche financings more common in the US and Europe. IFM, one of Australia’s largest infrastructure investors, and private equity giant KKR are among the sponsors that have wrapped up around US$3.91bn-equivalent in TLBs and unitranche
