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Leela Parker Deo

Direct lenders provide US$1.6bn loan to Risk Strategies

31 Oct 2019

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, sources said.

US syndicated lending slows in 3Q as caution prevails

01 Oct 2019

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.

Jefferies serves up US$300m for Fertitta’s Del Frisco’s buy

01 Oct 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.

Integrity Marketing raises jumbo US$945m unitranche loan

13 Sep 2019

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.

US mid-market lenders expect solid September pipeline

03 Sep 2019

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.

US private debt funds brace for downturn

29 Aug 2019

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 financial crisis.

Middle market loan issuance stabilizes in 2Q, strong 2H expected

11 Jul 2019

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.

US syndicated lending disappoints with lowest 2Q tally in 7 years

28 Jun 2019

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.

BDCs add mid-market CLOs to funding mix

17 Jun 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.

Rapid rise of direct lending pushes firms to split risk

15 May 2019

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.

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