NEW YORK, Nov 14 (LPC) - Private credit funds with deep
pockets, capital flexibility and sticky investments are
positioning themselves for the yield bonanza that could follow
if a cooldown in the US economy was to further shutter bank
liquidity and investor appetite for broadly syndicated loans.
NEW YORK, Oct 30 (LPC) - Approximately US$6bn in acquisition
financing for fiber optic cable company Zayo Group could hit the
leveraged finance market before the end of this year, a move
that will test an investor base that has grown hesitant over
single-B credits exposed to a cooling US economy.
NEW YORK, Oct 16 (LPC) - At least US$900m of institutional
loans being marketed for US companies have stalled this week, as
investors wary of an economic downturn have balked at debt that
may offer higher chances of default.
NEW YORK, Oct 9 (LPC) - Plastics maker Berry Global is
looking to take advantage of white-hot demand for better-rated
leveraged loans and reduce pricing on approximately US$2.03bn in
debt as global volatility rippling through the market is causing
investors to seek safety in higher-quality assets.
LONDON, Oct 3 (LPC) - Irish software firm ION Corporates
finalised the terms of a dual-currency, US$1.75bn-equivalent
term loan financing via Credit Suisse, bringing an end to a saga
that saw the original deal brought via house bank UBS pulled in
May having met opposition from loan investors.
NEW YORK, Oct 1 (LPC) - Jefferies, a long-standing lender to
Tilman Fertitta’s Landry’s Inc, has committed US$300m in debt
financing to fund the restaurateur's acquisition of Del
Frisco’s’ steakhouse business from private equity firm L
Catterton, three sources familiar with the transaction said.
NEW YORK, Sept 24 (LPC) - UK telecommunications and
satellite operator Inmarsat on Monday revised its US$1.75bn
leveraged loan as investors, wary of a cooling economy, raised
concerns about the company's leverage, limited cash flow and
increased competition in the telecommunications and satellite
operations industry, sources familiar with the transaction told
NEW YORK, Sept 20 (LPC) - Borrowers in the US leveraged loan
market are offering higher yields in September to compensate an
investor base wary of a cooling economy and slowdown in global
NEW YORK, Sept 16 (LPC) - Wells Fargo has hired Thomas Tuffy
Joao, a spokesperson from the US bank confirmed.
NEW YORK, Sept 16 (LPC) - Japanese bank Mizuho has hired
Juan Felipe Pinto, a source familiar with the matter said.