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Loan Investors fight back on PE loans: Bloomberg

Loan investors are fighting back against private equity attempts to get increasingly aggressive terms in financing their LBOs, Bloomberg reported citing a survey from Covenant Review. Several recent leveraged loans to finance buyouts, including for Whataburger Restaurants, Teneo Holdings, MyEyeDr and SnapAV, received major overhauls to investor protections known as covenants, the story said.