peHUB First Read

A few links to kick off your morning:

* The upcoming NetSuite IPO is getting all sorts of interest, thanks to the majority stake held by Oracle chief Larry Ellison. Reuters says that’s good for NetSuite’s VC backers and potential IPO buyers, but not so great for Oracle. Read it here.

* Several months ago, I said on CNBC that an end to the buyout boom would be worse for banks than for the private equity firms themselves. Now that the end is here, Andrew Ross Sorkin surveys the Wall Street damage.

In a similar vein, The Deal suggests debt aftershocks will constrain lending for the foreseeable future. Read it here.

KKR has agreed to add covenants to the First Data debt package. From covenant-free to covenant-light to covenants…