Jul
23
Houlihan Lokey Enters Booming Market for Risky Loan Deals
By-
Bank will focus on syndicating borrowings of up to $1 billion
- Alternative lenders have taken market share from biggest banks
Count Houlihan Lokey Inc. into one of the hottest corners of the debt markets.
The U.S. investment bank said Monday that it’s forming a unit to arrange and sell leveraged loan deals of as much as $1 billion as the market for the risky debt has surged. It’s following firms such as Credit Suisse Group AG and Royal Bank of Canada in the business as looser regulations make it easier for banks to make these loans, and investors have been piling into the debt…
