Another pushback of leveraged loan - KKR

--KKR canceled 1 bil euro (1.4 bil) of loans for Duetch home-improvement retailer Maxeda-BV --Notwitstanding that KKR cut the price of leveraged loans, investors are not buying it and they are nervous. --KKR palnnedto use loans to reduce financing costs for Maxeda, the biggest operator of home-improvemetn stores in the Benelux countries, following LBO in 2004. The debt is expected replace 275 million euros of HY bonds and 523 million euros of pay-in-kind (PIK) notes, which don't pay interest until maturity, with a lwoer ratre senior loands.