Junk Bonds Hit Market to Finance Castrol and Amex GBT Leveraged Buyouts
Two junk-bond deals launched on Monday to help fund the leveraged buyouts of Castrol and American Express Global Business Travel (Amex GBT). The bond offerings follow concurrent loan deals launched last week that are also partially financing the acquisitions. The transactions are part of a broader wave of leveraged buyout financing activity in credit markets.
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