LBO loan costs soar to highest of 2011 on crisis: credit markets

NEW YORK - The cost to finance leveraged buyouts in the U.S. is the highest since December as Europe’s debt crisis and a weakening economy damps demand for high-yield, high-risk loans. Average monthly interest rates on institutional leveraged-loans, or the debt used to finance LBOs, rose to 491 basis points more than benchmarks in July,…

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