LevFin Wrap - BB King as Covid Blues delay pricing
- Huw Simpson
- +Michal Skypal
High Yield Primary
As we approach the end of November primary activity remains buoyant, but still absent several of the pending blockbuster M&A deals. Instead this week’s focus was weighted toward double BB names, and a lone LBO from returning sponsor Apollo. However, fears of a new Covid-19 variant and lockdown measures flipped sentiment on Friday, leading to some sell-offs in Secondary, and a push back on the timeline for Reno De Medici’s pricing.