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Merlin Debt Backed by London Eye Is Fetching a High Price Tag
Source: Bloomberg
Credit & Bond MarketsTravel & LeisureCompany Fundamentals
Investors are quoting Merlin Entertainments’ private loans far above distressed prices for the leisure-park operator’s existing securities. The pricing gap reflects the value investors place on debt backed by prized UK assets, including the London Eye; the article gives no specific prices or market reaction.
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