Goldman Sachs underwriting a $1.7bn loan for BB-rated Formula 1 last week, was able to lock in rates of 7.9%

Goldman Sachs underwriting a $1.7bn loan for BB-rated Formula 1 last week, was able to lock in rates of 7.9% paying 3.25% above benchmark v. expected yield of 8.5% = window of opportunity for HY debt in US debt markets right now.
ft.com/content/0fbad1…

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