A buyout consortium led by Blackstone sent a frisson through debt markets this week as it took advantage of a booming appetite for bonds to push through aggressive terms on financing for its leveraged buyout of Merlin Entertainments. Merlin, which owns and operates Legoland and Madam Tussauds, took on more than $3 billion of debt to help to fund Blackstone’s bid to take the company private in a deal worth $7.5 billion agreed in June, one of the largest European private equity transactions in recent years. Analysts and investors are worried that the European Central Bank’s unprecedented …read more
Source:: Yahoo Finance
