Why do you have LBO Credit Seminar in ....

Beverly Hills?


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Apollo's Black Says Markets `Well on Way' to Health (Update1)
2008-04-29 13:39 (New York)

(Adds debt backlog in third paragraph.)
By Jason Kelly
April 29 (Bloomberg) -- Apollo Management LP founder Leon
Black said investment banks have pared their backlog of debt
committed to leveraged buyouts and will resume funding deals
this year.
``We're well on our way'' to a credit-market recovery,
Black said during a panel discussion in Beverly Hills,
California. As more LBO debt is sold off in the next six months,
``the banks will be in business again.''