JPMorgan's Dimon Sees `A Little Freeze' in Lending for LBOs

" JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said demand for leveraged buyout debt is drying up and banks may be left holding more loans that they can't sell.
There is "kind of a little freeze in the marketplace,'' Dimon said on a conference call with investors to discuss the New York-based bank's second-quarter earnings. "If you see this continue you will see the Street taking on a lot of bridge loans and more aggressive repricing of those things.''

JPMorgan, the third-largest U.S. bank, is among lenders that have been saddled with at least $11 billion of high-yield bonds and loans they haven't been able to readily sell, data compiled by Bear Stearns Cos. analysts show. Investors have balked at the increasing amounts of debt being taken on for LBOs. "

Source: JPMorgan's Dimon Sees `A Little Freeze' in Lending for LBOs (http://www.bloomberg.com/apps/news?pid=20601087&sid=a7aOfSS4q8ak&refer=home)