US LevFin Wrap — Viasat bankers shoot for the stars, Worldpay makes a splash
- Bill Weisbrod
- +William Hoffman
The post Labor Day issuance spigot is on and investors have a swell of buyout, M&A and refinancing debt to analyze.
The buyside is eager to put cash to work, largely because of a supportive technical backdrop but also some encouraging signs in the US economy. If underwriters have something to sell, now is the time (with one notable X-ception).
Banks are trying to offload hung loans and bonds issued by Viasat to back its acquisition of Inmarsat, just weeks after the company’s second satellite malfunction in as many months. Take a look at our Legal QuickTake on Viasat’s bond here.