Low Rates Make Buyout Debt a Burden.

The article reports that lower interest rates further stall movement of the massive backlog of leveraged-buyout debt in the U.S. It states that the sharp decline of benchmark rate off from above 5% to above 3% forced banks to restructure new loan deals by offering investors a Libor floor. Under the guarantee, it says that investors will still receive a certain yield if Libor drops any further.