Europe’s Junk Market Sees Another Loan Pulled as Iqony Axes Deal

EXCLUSIVE Europe’s Junk Market Sees Another Loan Pulled as Iqony Axes Deal Banks marketing a €550 million ($616 million) loan refinancing for European energy infrastructure and services company Iqony have pulled the deal after failing to garner enough investor interest amid wider market turmoil. Goldman Sachs Group Inc. and Banco Santander SA led the loan, which was withdrawn from syndication, according to people familiar with the matter who asked not to be identified discussing a confidential transaction. It’s the second deal to be pulled from Europe’s leveraged finance market in the past week, after lenders scrapped plans to sell a loan intended to finance Partners Group Holding AG’s purchase of Aroma-Zone.