Macro Finance
Credit Traders Fume as $1 Billion Utz Loan Crumbles Within Weeks
Bloomberg Markets·November 11, 2026·1 min read
An over $1 billion loan financing Utz's $2.9 billion buyout by Intersnack is trading at a steep discount well before the deal's expected close, according to people familiar with the matter. Credit traders are fuming as the loan crumbles within weeks, signaling market skepticism about the transaction's success.
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