M&A Glut Too Little Too Late to Save Europe Junk Loans in 2020
- Acquisition loans for junk-rated firms lowest in four years
- Public to private deals emerging but debt-raising may lag
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This year has proved to be grim for European investors hunting for higher-yield loans, and even a recent spate of M&A deals will struggle to turn their fortunes around.
As much as 10 billion euros ($11.8 billion) in new debt could enter the M&A pipeline following the buyout of Asda Group Ltd if other potential deals, such as G4S Plc, William Hill Plc and Ahlstrom-Munksjo Oyj, come to fruition.