Edition:
United Kingdom

Daniela Guzman

U.S. companies seeking capital during pandemic test bank market's new normal

10 Jul 2020

NEW YORK (LPC) - Bank lenders for high-quality US companies are taking different refinancing avenues as they seek to extend maturities on billions of US dollars in loans at a time when the Covid-19 pandemic has made liquidity a top priority.

Banks balance appetite for high-quality loans while managing risk

09 Jun 2020

NEW YORK, June 9 (LPC) - As immediate requests for liquidity due to the Covid-19 crisis start to flatten, banks, lending to highly rated companies, are looking ahead at how they can keep up business momentum and simultaneously protect themselves from potentially higher costs of funding and deteriorating credit risk.

GM undergoes delicate balancing act to shore up liquidity through crisis

25 Mar 2020

NEW YORK, March 25 (LPC) - General Motors Co (GM) is managing a delicate balancing act as it readies to draw down US$16bn in loans while refinancing debt of similar size, facing a longer than expected shutdown of its plants and considerable revenue losses.

Banks face liquidity strain as corporations tap revolving credits

19 Mar 2020

NEW YORK, March 19 (LPC) - As corporations draw down on revolving credit lines to combat the expected adverse effects on earnings of the coronavirus pandemic, the ability of US and global banks to provide liquidity has come into question.

US companies eye credit lines as pandemic worsens, uncertainty soars

12 Mar 2020

NEW YORK, March 12 (LPC) - US companies including Hilton Worldwide and Wynn Resorts have begun tapping their credit lines to shore up liquidity amid growing market uncertainty triggered by the coronavirus outbreak.

Air and cruise lines shore up liquidity as coronavirus hits travel industry

11 Mar 2020

NEW YORK, March 11 (LPC) - Travel and leisure companies have tapped their relationship banks for new loans to bolster liquidity and shore up investor confidence as the global spread of coronavirus heightens fears over passenger travel and canceled reservations pile up.

MOVES-HSBC hires Paul Griffin to lead software banking coverage

06 Feb 2020

NEW YORK, Feb 6 (LPC) - - Paul Griffin has been named head of software investment banking at HSBC, according to an internal memo from the bank obtained by Refinitiv LPC.

Belt and Road Initiative to boost Chinese lending in LatAm

28 Jan 2020

NEW YORK (LPC) - China’s Belt and Road Initiative (BRI) is jumpstarting new infrastructure and energy development projects in Latin America, while opening the door for more Chinese lending in the region.

Boeing seeks up to US$12bn in loans to ease liquidity needs

24 Jan 2020

NEW YORK, Jan 24 (LPC) - Airplane manufacturer Boeing Co is in talks with banks to obtain up to US$12bn in loans, a move that comes as financial pressures mount on a company reeling from a production halt on its 737 MAX aircraft, sources said.

MOVES- BofA's Ortiz de la Peña to head syndicated loans for Latin America

14 Jan 2020

NEW YORK, Jan 14 (LPC) - Jorge Ortiz de la Peña has been promoted to the head of loan syndication for Latin America at Bank of America, sources said.

World News