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Re: Adjustedtosteep post# 137842

Thursday, 06/03/2010 8:26:32 PM

Thursday, June 03, 2010 8:26:32 PM

Post# of 375420
Yes, very true, but LBOs are totally out of favor. Banks now have huge capital charges for Highly Leveraged Loans and are trying to lower their exposure -- there just isn't a market today, even for Henry Kravis. Have you tried to refi a power plant? The idea that some lone operator can string together a loan in today's market based on to-be-acquired assets is implausible. I deal with all the banks.