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United Kingdom

Aaron Weinman

US leveraged loan market pauses as recession fears mount

22 Aug 2019

NEW YORK, Aug 22 (LPC) - Mounting indicators of a recession and rising global geopolitical tensions are spooking investors, as new launches of leveraged loans grind to a halt amid a summer lull.

Total Safety sweetens loan to attract lenders wary of oil & gas exposure

15 Aug 2019

NEW YORK, Aug 15 (LPC) - Industrial safety services firm Total Safety made a series of investor-friendly changes to a US$330m acquisition term loan, including selling the debt at a steep discount to snare enough commitments from investors balking at the cyclical nature of the energy sector, according to people familiar with the situation.

UPDATE 1-Repayment influx leaves loan managers flush with cash as US supply wanes

08 Aug 2019

NEW YORK, Aug 8 (LPC) - Billions of dollars in loan repayments are set to leave US investors flush with cash as the market continues to grapple with a low supply of new deals, and investors favor highly rated transactions, while lower-rated borrowers struggle to get loans done at their original terms.

Repayment influx leaves loan managers flush with cash as US supply wanes

08 Aug 2019

NEW YORK, Aug 8 (LPC) - Billions in loan repayments are set to leave US investors flush with cash in a market that continues to grapple with a low supply of new deals, further splitting appetite toward highly rated transactions while lower-rated borrowers struggle to get loans done at their original terms.

RPT-WeWork obtains commitments for US$6bn IPO-linked debt

06 Aug 2019

NEW YORK, Aug 5 (LPC) - Workspace provider WeWork has obtained commitments from at least 10 banks for US$6bn in credit facilities that remain contingent on the company's ability to push through with its planned initial public offering, sources told LPC.

WeWork obtains commitments for US$6bn IPO-linked debt

05 Aug 2019

NEW YORK, Aug 5 (LPC) - Workspace provider WeWork has obtained commitments from at least 10 banks for US$6bn in credit facilities that remain contingent on the company's ability to push through with its planned initial public offering, sources told LPC.

Leveraged buyouts stack up bifurcated loan pipeline

31 Jul 2019

NEW YORK, July 31 (LPC) - Leveraged buyouts (LBOS) are crowding a relatively bifurcated loan pipeline, with a series of transactions giving investors their fill of new money deals that are expected to price through early August.

CORRECTED-ION turns to private debt after previous loans fall flat

30 Jul 2019

NEW YORK, July 30 (LPC) - Irish software firm ION Group secured private debt commitments in mid July to fund its acquisition of financial media and data firm Acuris, people familiar with the matter said.

Investors weigh swath of loan deals ahead of summer lull

10 Jul 2019

NEW YORK, July 10 (LPC) - US-based credit investors anticipate a busy July across the leveraged loan market as corporate borrowers saturate the asset class with new loan issuance before the inevitable August summer lull when deal-making traditionally slows down.

CVC, Ares target loans with new billion dollar distressed funds

02 Jul 2019

NEW YORK, July 2 (LPC) - Global asset managers CVC Capital Partners and Ares Management each raised more than a billion dollars in June for respective distressed investment funds, an indication that portfolio managers are readying capital to pick up shaky leveraged loans cheaply in the secondary market when the economic cycle turns.

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