Tuesday, March 16, 2010 - 2:39 AM
"...Private equity firms and many nonfinancial companies were able to borrow on easy terms until the credit crisis hit in 2007, but not until 2012 does the long-delayed reckoning begin for a series of leveraged buyouts and other deals that preceded the crisis.
"That is because the record number of bonds and loans that were issued to finance those transactions typically come due in five to seven years..."
"Experts worry about the marke't ability to absorb all that new debt, warning that interest rates could rise"
51 posts since
Jan 17, 2010
Rep Points: 382