Goldman Sells Dutch Buyout Loan at 27.5% Discount

"While this Bloomberg story notes that the bath Goldman took on a leveraged loan to Dutch TV producer Endermol was considerably below recent LBO loan haircuts (27.5% versus the typical [less than] 10%), it attributes the big discount to a decay in the credit as well as increased eagerness among banks to unload this sort of paper. Note that the loan was against a Goldman, rather than third party transaction. The sale does not appear to be financed, as some recent so-called sales have been, which may also contribute to the size of the discount."