Leveraged loans fall to six month low

The sovereign debt difficulties of Greece and the eurozone have weighed on the price of private equity debt

Wednesday 2 June 2010 at 17:00

The loan market which supports private equity deals hit a six month low at the end of last week following four weeks of falls as uncertainty over euro debt crisis continued to weigh on traders in a development that could further hit the recovery in private equity deals.

The prices for European leveraged loan flow names, the most actively traded debt, fell to 93.61% last week following four weeks of consecutive losses, according to data provider S&P LCD.