NEW YORK, April 30 (LPC) - Banks are seeking to limit
companies from accessing credit lines as the global pandemic
continues to weigh on balance sheets.
LONDON/NEW YORK, April 27 (LPC) - The new issue European
Collateralized Loan Obligation market, paralysed since early
March amid the coronavirus pandemic, is looking to revive with
new funds aiming to price as soon as this week, according to
NEW YORK, April 24 (LPC) - The twice-a-year evaluation of
energy borrowers' reserve-based loans has taken on more
significance than ever as banks seek to cut their exposure to
oil and gas companies amid the global Covid-19 pandemic that has
caused demand for oil to plummet and a price war between Russia
and Saudi Arabia that has flooded the market with crude.
NEW YORK, April 22 (LPC) - A health emergency of
unprecedented proportions has added another layer of complexity
to the US loan market's transition away from a key lending
benchmark used to set interest payments on trillions of dollars
of investments as the deadline to move to a new rate rapidly
NEW YORK, April 17 (LPC) - Issuance of US Collateralized
Loan Obligations (CLOs) fell 48% in the first quarter as the
coronavirus pandemic shut down global economies leading to a
rush of loan downgrades that could cut off distributions to the
fund’s most junior investors.
NEW YORK, April 13 (LPC) - As the economy rattles toward a
recession and defaults are forecast to skyrocket, investors and
company executives are seeking advice on how best to prepare for
what could be a prolonged downturn.
NEW YORK, April 9 (LPC) - AGL Credit Management is seeking
to reinvest distributions that would have been paid to the most
junior investors in its US Collateralized Loan Obligation (CLO)
in order to buy new loans, creating a unique structure amid
market volatility caused by the coronavirus pandemic.
NEW YORK, April 2 (LPC) - Firms that lend to small and
mid-sized companies are looking to shore up existing investments
amid market volatility caused by the coronavirus pandemic, but
are still open for new deals as valuations fall.
NEW YORK, March 25 (LPC) - Private equity firms sitting on a
stockpile of cash are eyeing companies that have dived in value
as the coronavirus pandemic causes a sell-off across financial
markets. Standing in sponsors’ way could be the flexibility some
banks are demanding, concerned about lending into an economy on
the cusp of a recession.
NEW YORK, March 20 (LPC) - Us Senator Elizabeth Warren has
asked for information about leveraged loans as the price of the
debt has fallen more than 17% this month amid volatility caused
by the spread of the coronavirus, which has closed businesses
and led companies to warn investors their earnings could be