Bloomberg/Silas Brown, Abhinav Ramnarayan and Paula Seligs/6-20-2023
“Yet for all their savvy dealmaking, even the titans of private equity are getting caught out by the swift rise in interest rates — which is costing the companies they own billions in extra interest and threatens to push scores of them into default.”
USAGOLD note: Yet another sector facing the prospect of widespread default and imposing risks on the rest of the financial system…… Consider that their interest cost quintupled over the past 18 months.