Charter communications inc could retuitl to the leveraged loan market as soon as September and may also try to tap the high-yield bond market to raise the remaining US$3.9bn it needs to buy time warner's cable assets, after having to more than halve a senior secured loan to US$3.5bn from US$7.4bn due to market volatility. Charter is the most high-profile casualty of the volatility that hit the US leveraged loan market after massive outflows from high-yield bonds in recent weeks caused a high-yield bond repricing that has knocked into loans and caused a market correction. The decision to slash the size of Charter's deal was due to a combination of softer markets and the company's sensitivity to higher financing after increased volatility struck the deal shortly after its launch at the end of July.
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