Edition:
United Kingdom

Lynn Adler

M&A lending to U.S. blue-chip firms on summer hiatus

17 Aug 2018

NEW YORK (LPC) - Bank lending to high-quality US companies to fund acquisitions has slowed due to concern over government policies amid the summer doldrums, but is expected to pick up after the Labor Day holiday, bankers said.

Banks, downplaying recession, foresee record U.S. M&A lending

20 Jul 2018

NEW YORK (LPC) - Bank lending for US mergers and acquisitions of high-grade companies will scale new heights this year, as the voracious appetite for mega-deals persists even while credit markets turn choppy and recession talk surfaces, bankers and strategists said.

Rising interest rates, trade wars erode credit outlook: survey

19 Jul 2018

NEW YORK (LPC) - Corporate credit spreads are seen widening and defaults likely will escalate as interest rates climb and global trade wars loom, according to a quarterly survey by the International Association of Credit Portfolio Managers.

U.S. mergers help bank fees spike to record highs

09 Jul 2018

NEW YORK (LPC) - A record $1.45 trillion of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and refinancing in the first half of the year has propelled bank fees from arranging the loans to all-time highs.

Mergers, refinancings push U.S. syndicated lending to all-time highs

29 Jun 2018

NEW YORK (LPC) - Reduced corporate tax rates and a push to borrow before interest rates rise further propelled US syndicated lending for mergers and refinancings to a record high for any half-year period, with heated deal flow seen at least through year-end.

Banks to fatten wallets as Disney, Comcast compete for Fox

20 Jun 2018

NEW YORK (LPC) - Banks arranging nearly $36 billion of loans to support Walt Disney Co’s sweetened $71.3 billion bid to buy Twenty-First Century Fox Inc’s media assets stand to pocket around $200 million in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A).

Banks to fatten wallets as Disney, Comcast compete for Fox

20 Jun 2018

NEW YORK (LPC) - Banks arranging nearly $36 billion of loans to support Walt Disney Co’s sweetened $71.3 billion bid to buy Twenty-First Century Fox Inc’s media assets stand to pocket around $200 million in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A).

Banks to fatten wallets as Disney, Comcast compete for Fox

20 Jun 2018

NEW YORK, June 20 (LPC) - Banks arranging nearly US$36bn of loans to support Walt Disney Co’s sweetened US$71.3bn bid to buy Twenty-First Century Fox Inc’s media assets stand to pocket around US$200m in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A).

Comcast’s record all-cash Fox bid signals aggressive lending push

15 Jun 2018

NEW YORK (LPC) - Media company Comcast Corp’s record all-cash US$65bn bid to buy Twenty-First Century Fox’s media assets, a day after AT&T’s long-sought acquisition of Time Warner received a green light, signals an oncoming wave of M&A that banks will aggressively compete to finance.

MOVES- MUFG promotes Davidson to head global technology banking

08 Jun 2018

NEW YORK, June 8 (LPC) - MUFG said it promoted Bill Davidson to lead the new global technology sector within the bank's global corporate and investment banking group, according to a statement obtained by Thomson Reuters LPC.

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