US LEVLOANS WEEKLY: More Hung Debt May Be on the Horizon

After two acquisitions generated hung debt for banks that financed the deals, a third could hit the US leveraged-loan market next week.

• HIG Capital’s acquisition of Converge Technology is set to close in the coming days
  • Banks earlier this month pulled a $1.1 billion loan that was the help finance the deal after investor demand for the debt proved insufficient amid tariff-roiled markets
• This week saw acquisitions of TI Fluid Systems and Patterson get completed before banks were able to sell the debt used to fund those purchases
  • Brookfield Properties Retail’s $885 million refinancing was delayed, citing recent market turmoil ...