The controversial practice known as dividend recaps is growing as investors gorge on every credit risk while sponsors extract income as they await the economic rebound.
IT’S the latest sign of leveraged mania hitting bondholders: Companies across Europe are piling on debt at the fastest pace in years to enrich their private-equity owners.
The controversial practice known as dividend recaps is growing as investors gorge on every credit risk while sponsors extract income as they await the economic rebound.
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