Banks Pounce on M&A Revival With $100 Billion of Buyout Debt

Debt bankers are finally getting what they’ve been waiting years for: the return of M&A and the lucrative financing that comes with it.

Bankers are working on $100 billion of debt tied to leveraged buyouts, according to Bloomberg calculations. Around three-quarters of that was underwritten in recent months and is in the process of being sold to investors. The rest is for potential acquisitions in what’s proving to be a strong start to a year forecast to be a record for dealmaking.