| By syndicating part of the debt issued for LBO deals, banks are able to transfer credit risk to other counterparties. |
| What guided us for this LBO is the absolute confidence that we had in the management team. |
| The LBO portfolio and syndication loans outstanding were stable compared with June 2007, with unchanged provisions level. |
| With limited bank appetite to lend to risky LBOs, arrangers are advising their LBO clients to issue floating-rate bonds to tap into CLO demand. |
| One of the secrets to a successful LBO is that, on the contrary, a target company's growth has been lagging behind its true potential. |
| Ditto for underwriting risky junk-bonds, Internet IPOs, emerging telecom debt and LBO debt. |
