Loan Investors Learn to Say ‘No’ More Often: Credit Weekly

A series of US loan sales have been pulled from the market in the last two months despite a record quarter for such debt launches — signaling that investors are getting pickier about where they put their money.

Six leveraged loan offerings were yanked from the market in August and September, the most since earlier this year, including Station Casinos’ $1.55 billion offeringto reprice its debt. Banco Santander SA has to hold on to a portion of a $2.7 billion financing for Thoma Bravo’s buyout of software firm Verint Systems Inc.

The largest pulled deal has spiraled ...