{"id":6753,"date":"2018-12-31T15:04:31","date_gmt":"2018-12-31T21:04:31","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6753"},"modified":"2022-05-19T09:51:38","modified_gmt":"2022-05-19T14:51:38","slug":"big-banks-end-2018-holding-at-least-1-6b-of-unsold-loans-involving-leveraged-buyout-debt","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/big-banks-end-2018-holding-at-least-1-6b-of-unsold-loans-involving-leveraged-buyout-debt\/","title":{"rendered":"Big Banks End 2018 Holding At Least $1.6B of Unsold Loans Involving Leveraged Buyout Debt"},"content":{"rendered":"<p>\t\t\t\tAccording to <em><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-12-21\/banks-stuck-with-1-6-billion-of-unsold-loans-amid-market-rout\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a><\/em>, market woes have left Goldman Sachs Group Inc. (GS), Barclays Plc (BARC), Bank of America Corp. (BAC), and other Wall Street banks unable to get rid of at least $1.6B of \u201cunwanted leveraged buyout debt\u201d as investors continue to run from high-risk assets in the wake of fears about the global economy. A leveraged buyout (LBO) involves the acquiring of a company using borrowed funds. The assets of the company that is acquired, as well as the acquiring company\u2019s assets, usually serve as collateral. LBOs make it possible for companies to get involved in big acquisitions without having to use a lot of capital.<\/p>\n<p><em>Bloomberg<\/em> reports that as of the 22nd of December, at least four loan sales involving acquisitions and buyouts had yet to \u201cclear the market\u201d leaving banks with no choice but to retain the debt on their books, including:<\/p>\n<p>\u00b7 A group led by Goldman Sachs in charge of the financing for First Reserve\u2019s acquisition of pipeline operator Blue Racer was expected to end the year holding a $516M loan.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/big-banks-end-2018-holding-at-least-1-6b-of-unsold-loans-involving-leveraged-buyout-debt\/\"  title=\"Continue Reading Big Banks End 2018 Holding At Least $1.6B of Unsold Loans Involving Leveraged Buyout Debt\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to Bloomberg, market woes have left Goldman Sachs Group Inc. (GS), Barclays Plc (BARC), Bank of America Corp. (BAC), and other Wall Street banks unable to get rid of at least $1.6B of \u201cunwanted leveraged buyout debt\u201d as investors continue to run from high-risk assets in the wake of fears about the global economy. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,4052,4053],"tags":[3013,3237],"class_list":["post-6753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-institutional-investors","category-leveraged-buyouts","tag-bank-of-america","tag-goldman-sachs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Big Banks End 2018 Holding At Least $1.6B of Unsold Loans Involving Leveraged Buyout Debt &#8212; Investor Lawyers Blog &#8212; December 31, 2018<\/title>\n<meta name=\"description\" content=\"Market woes have left &quot;Big Banks&quot; like Goldman Sachs and others unable to get rid of at least $1.6B of \u201cunwanted leveraged buyout debt\u201d.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/big-banks-end-2018-holding-at-least-1-6b-of-unsold-loans-involving-leveraged-buyout-debt\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Big Banks End 2018 Holding At Least $1.6B of Unsold Loans Involving Leveraged Buyout Debt &#8212; Investor Lawyers Blog &#8212; December 31, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Market woes have left &quot;Big Banks&quot; like Goldman Sachs and others unable to get rid of at least $1.6B of \u201cunwanted leveraged buyout debt\u201d.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/01\/12.31.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Big Banks End 2018 Holding At Least $1.6B of Unsold Loans Involving Leveraged Buyout Debt &#8212; Investor Lawyers Blog &#8212; December 31, 2018","description":"Market woes have left \"Big Banks\" like Goldman Sachs and others unable to get rid of at least $1.6B of \u201cunwanted leveraged buyout debt\u201d.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/big-banks-end-2018-holding-at-least-1-6b-of-unsold-loans-involving-leveraged-buyout-debt\/","twitter_card":"summary_large_image","twitter_title":"Big Banks End 2018 Holding At Least $1.6B of Unsold Loans Involving Leveraged Buyout Debt &#8212; 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