Rick Chance, Head of KPMG Corporate Finance's Special Situations Advisory Group, quoted in Buyouts

July 9, 2007

In the July 9, 2007, edition of Buyouts, KPMG Corporate Finance had an opportunity to contribute to Ari Nathanson's article, "Risk of Slowdown Rises Toward End of Busy Q2."

Rick Chance, Head of the Special Situations Advisory Group at KPMG Corporate Finance, was interviewed with respect to his thoughts relative to the weakening debt markets and why buy-out firms continue to close deals.   

Ari Nathanson writes: Default rates are still at historically low levels—below 2 percent—which means lenders are still willing to finance deals with lofty debt-to-EBITDA multiples, said Rick Chance, a managing director at KPMG Corporate Finance who serves as head of the firm’s Special Situations Advisory Group. “We’re still seeing a number of companies able to refinance themselves out of any trouble they may have gotten into,” Chance said. 

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