Banks Struggle to Offload Buyout Debt in Blow to Dealmaking
A high-profile deal like the take-private of Citrix Systems, which was expected to generate hundreds of millions of dollars in fees, could now deliver $1 billion in losses instead.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Hi, this is Davide in Los Angeles from Bloomberg’s credit team with a look at how the debt of past deals is blocking new ones. Plus, Amazon is buying a small chunk of Grubhub to give its Prime members more food delivery options and a tech boutique bank in San Francisco gets acquired.
Today's top stories
If you’ve been paying attention to the credit markets lately, you’ve noticed a trend: Things just keep getting worse.