CREDIT DAYBOOK AMERICAS: AlixPartners Marketing $3 Billion Loan

Financial advisory and global consulting firm AlixPartners is selling a $3 billion dual-currency term loan to refinance existing credit facilities, pay shareholders and fund potential acquisitions. Credit risk is easing early Monday after the US and European Union agreed on a trade deal.

• AlixPartners is marketing a $2.691 billion term loan and a €330 million ($386 million) term loan
• The spread on the Markit CDX North American Investment Grade Index, which falls as perceived risk drops, tightened 0.15 basis point to 50.11 basis points in the opening minutes of Monday trading
  • A similar gauge for the high-yield market, which ...