US LevFin Wrap — Banks roll out Indicor and NielsenIQ, Confluent goes clubbing, Subway debt recipes
- William Hoffman
Is it a bird? Is it a plane? Is it a Chinese spy balloon?! No — it’s the return of LBO and M&A financings to the primary leveraged credit markets, which seemed to gain more momentum this week on top of an already solid start to the year.
The banks that funded Roper Technologies’ spin-off of its industrials business — rebranded as Indicor — are out this week to syndicate the debt, and underwriters are also offering out a loan to NielsenIQ, which funds the company’s acquisition of its German competitor GfK.
Both are benefiting from the credit market’s hot start to the year, which has allowed bankers to once again start pushing paper.