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Aaron Weinman

Riskier borrowers face heightened scrutiny as uncertainty mounts

19 Jun 2019

NEW YORK, June 19 (LPC) - Speculative grade companies looking to the leveraged loan market to fund their operations are bracing for heightened scrutiny from investors demanding greater compensation for deals being executed under a cloud of macroeconomic uncertainty.

UPDATE 1-Smart & Final changes on US$340m loan could mean losses for banks

18 Jun 2019

NEW YORK, June 18 (LPC) - A US$340m term loan backing Apollo Global Management’s purchase of supermarket chain Smart & Final priced on Tuesday morning but not before lead banks added a series of changes to the loan after failing to attract enough investors under the original terms, sources said.

Smart & Final changes on US$340m loan could mean losses for banks

18 Jun 2019

NEW YORK, June 18 (LPC) - A US$340m term loan backing Apollo Global Management’s purchase of supermarket chain Smart & Final priced on Tuesday morning but not before lead banks added a series of changes to the loan after failing to attract enough investors under the original terms, sources said.

Mexico’s Pemex rounds up banks ahead of deadline for US$8bn loan

12 Jun 2019

NEW YORK, June 12 (LPC) - Mexican oil producer Petróleos Mexicanos (Pemex) is circling commitments from at least 15 banks to fill an US$8bn loan, but the state-owned company is tackling a recent downgrade that has lenders questioning how much exposure they want in the two-part credit facility.

MoneyGram’s loan faces performance, money laundering concerns

07 Jun 2019

NEW YORK, June 7 (LPC) - Money transfer company MoneyGram International Inc is struggling to finalize a US$663m loan as its financial performance wilts under fierce competition following a US$125m US government fine last November for poor money-laundering controls, sources said.

Leveraged loan borrowers sweeten pricing as headline risk mounts

06 Jun 2019

NEW YORK, June 6 (LPC) - Borrowers tapping the broadly syndicated US leveraged loan market to fund their operations are peddling juicier spreads to attract investors wary of negative headline news.

REFILE-Loan investors hopeful flurry of buyouts could spark volume pick-up

31 May 2019

NEW YORK, May 30 (LPC) - Loan investors are hopeful that a recent flurry of buyouts could help stoke the pipeline of leveraged loans for the first half of the year as volumes reach historic lows.

América Móvil prepares for loan market return, seeks at least US$2.5bn

20 May 2019

NEW YORK, May 20 (LPC) - Mexico’s América Móvil is scouting lenders to refinance at least US$2.5bn in revolving credit facilities maturing this August, according to three banking sources, preparing a comeback to the Latin American bank market, where it has not issued debt since 2016.

MOVES- SMBC loan banker joins OPIC

17 May 2019

NEW YORK, May 17 (LPC) - SMBC’s Kristie Pellecchia, a managing director in the Japanese lender’s loan syndications team, has left the bank and joined the Overseas Private Investment Corp (OPIC), sources said.

Pemex’s US$8bn loan request comes amid heavy uncertainty

15 May 2019

NEW YORK, May 15 (LPC) - Petróleos Mexicanos’ (Pemex) US$8bn bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing.

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