Marathon’s Richards Warns ‘No Way Out’ for Beaten-Down CCC Debt

Bruce Richards, chief executive officer of CVC Marathon, said borrowers in the distressed segment of the leveraged loan market face limited refinancing options as costs rise. Richards did not specify which borrowers or debt obligations he was referencing. CVC Marathon is a private equity and credit investment firm.

• Bloomberg — Marathon’s Richards Warns ‘No Way Out’ for Beaten-Down CCC Debt

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