Companies in Europe and US cancel risky loan plans

Companies in Europe and the US are canceling risky loan plans due to economic uncertainty from trade wars. Notable withdrawals include All3Media and Rovensa, marking a shift in sentiment in the leveraged loan market. Recent data shows a rise in average margins for new leveraged loans, indicating increased investor caution. European loans experienced a significant price drop, while US secondary market prices fell to levels not seen since August. Despite the downturn, some acquisitions are still moving forward, such as Novolex's financing for Pactiv Evergreen. However, overall market dynamics are shifting, with fewer new loans being issued as investors focus on secondary market bargains.