NEW YORK, Oct 31 (LPC) - Risk Strategies, a national
insurance brokerage and risk management firm, has nabbed a
US$1.6bn unitranche loan from a group of 10 direct lenders,
making it one of the largest ever such loans arranged to date,
NEW YORK, Oct 1 (LPC) - Lenders played it safe in the third
quarter. At US$463bn, total US syndicated lending dropped 28%
from the previous quarter and marked the lowest July-September
tally since 3Q16, failing to match lenders’ expectations for a
strong start to the second half of 2019.
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 13 (LPC) - Dallas-based Integrity Marketing
Group is the latest US middle market company to raise a jumbo
loan from the private debt market, in a deal backing private
equity firm Harvest Partners’ strategic growth investment in the
company in late August, sources said.
NEW YORK, Sept 3 (LPC) - US middle market lenders are
optimistic that post-Labor Day dealflow will be steady and could
likely accelerate heading into the fourth quarter.
NEW YORK, Aug 29 (LPC) - Private credit funds and business
development companies (BDCs) are positioning their portfolios to
deal with a potential economic downturn, which will be the first
real test for a market that has come of age since 2008’s
NEW YORK, July 11 (LPC) - US middle market syndicated loan
issuance jumped 48% to US$39.6bn in the second quarter of 2019
from meager levels in the first quarter, and is poised to gain
steam as the second half of the year progresses.
NEW YORK, June 28 (LPC) - US syndicated lending turned in a
lackluster performance in the second quarter, amounting to the
lowest 2Q total in seven years and dashing expectations for a
meaningful boost to first half issuance following an already
lean start to 2019.
NEW YORK, June 17 (LPC) - FS KKR Capital Corp is the latest
Business Development Company (BDC) to issue a middle market
Collateralized Loan Obligation (CLO) fund as the sector seeks to
diversify funding sources and drive portfolio growth.
NEW YORK, May 15 (LPC) - Direct lending funds, which are
providing capital to middle market companies in increasing
amounts, are turning to fellow funds to reduce credit exposure.