The Fed Frets about “Collateral Stripping,” “Incremental Facilities,” “Cov-Lite,” and “EBITDA Add-Backs” in $1.3-Trillion Leveraged-Loan Boom
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter PE firms are all over this, but investors are still chasing yield. Since the Federal Reserve started warning about the risks of “leveraged loans” in 2014, the amount of US leveraged loans outstanding has surged with …