Leverage Is Excessive in Some Deals, Credit Suisse’s Cohen Says

Credit Suisse has started to say “no” to more debt deals, according to Jeff Cohen, global head of leveraged and acquisition finance at the bank.

• Some deals have too much leverage, because, for example, they’re basing it off peak Ebitda, Cohen says, speaking on a panel at the Milken Institute Global Conference on Monday
• Market has been pretty disciplined overall, and there aren’t a lot of deals raising alarms, he says
• But “leverage is getting pushed and we’ll ultimately see some mistakes.”

To contact the reporter on this story:
Davide Scigliuzzo in Beverly Hills, California at dscigliuzzo2@bloomberg.net ...