US LevFin Wrap — Higher inflation hasn’t deflated a hot debt market yet
- William Hoffman
- +David Bell
- + 1 more
Higher than expected inflation data prints this week are raising borrowing rates, and yet issuers continue to bring supply that is well received and tightening through price progression.
Whether it’s a triple-C bond or a double-B loan, deals are performing well.
Restaurant Brands International (Ba3/BB) priced a $750m add-on to its TLB due 2030 to fund its planned acquisition of Carrols Restaurant Group, which is the largest Burger King franchisee in the world.