Postponements worsen loan glut

From the Deal.com, July 25, 2007:

By avoiding the pain of the debt financing markets now, are issuers who are delaying their deals only making matters worse for themselves when they finally do come to market?
That is the fear of some market participants as more and more companies, faced with a precarious loan market, postpone debt financings until after Labor Day. The postponements are adding to an already-large and growing pipeline of debt at a time when demand — in the form of collateralized loan obligation funds — has fallen off dramatically.