zero hedge Tue 2010-02-16 16:33 EST

The LBO Refi Wave Approaches: $800 Billion In Junk Debt Maturing By 2014, Adds To Multi Trillion Fixed Income Refi Cliff

After a mere $100 billion in projected debt maturities in the 2010-2011 period, the LBO wave of 2005-2007, largely financed with 5-7 year tenor bonds and loans, will set the refi scene on fire in the 2012-2014 period, when $700 billion of debt is set to mature. Should Fed Fund rates, and the yield curve begin to shift higher, the incremental cost of debt capital will destroy tens if not hundreds of billions of equity value over the next 5 years...

2014; 800; adds; Junk Debt Maturing; LBO Refi Wave Approaches; Multi Trillion Fixed Income Refi Cliff; Zero Hedge.

zero hedge Mon 2009-10-12 09:37 EDT

The 60% Plunge In Private Equity Deal Flow

If there is one sector that is really hurting despite the outperformance of all other asset classes (money being thrown at equities, bonds, and commodities without regard or prudence as Rosenberg has pointed out), it is private equity. Indeed, while credit has thawed in general, investors are still completely shutting out the 5x+ leverage transaction world: the bread and butter of the LBO business model. For a sober look at the desolation in the PE landscape, even as funds rush to raise more billions in dry equity powder which sits at banks collecting 1%, consider that YTD only $33 billion in 654 PE deals has been disclosed, a 60% drop from the 1,532 deals done through Q3 in 2008, and N/M when compared to the heady days of 2007....

60; plunge; Private Equity Deal Flow; Zero Hedge.

Wed 2008-10-22 00:00 EDT

naked capitalism: Troubled LBO Loans Nearly Triple

naked capitalism; triple; Troubled LBO Loans.

Wed 2008-10-22 00:00 EDT

naked capitalism: Price on LBO Loans Falling Due to Pressure From Iceland Liquidations

Iceland Liquidations; LBO Loans Falling; naked capitalism; pressures; Price.

Wed 2008-08-13 00:00 EDT

naked capitalism: NewSpeak Watch: What Does "Sale" Mean? (LBO Loan Edition)

seller-financed sales retain exposure to devalued assets

LBO Loan Edition; meaning; naked capitalism; NewSpeak Watch; sales.

Sat 2008-07-19 00:00 EDT

naked capitalism: Blackstone Uses Own Hedge Fund As Stuffee for Its LBO Debt

Blackstone Uses; Hedge funds; LBO debt; naked capitalism; Stuffee.