Private equity giants target Australia with new financing tool

Private equity giants target Australia with new financing tool

People walk through the Barangaroo area in the central business district of Sydney, Australia, on Monday, Jan. 23, 2017. Photographer: Dallas Kilponen/Bloomberg

Private equity firms doing buyouts in Australia are turning to a kind of financing used in the U.S. and Europe that gives them more flexible terms, even as it may introduce new risks for creditors.

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