Edition:
United Kingdom

Lynn Adler

US loan market unfazed by looming political gridlock

09 Nov 2018

NEW YORK, Nov 9 (LPC) - The US syndicated loan market is optimistic that it can maintain its record-breaking pace of lending despite looming political deadlock in Washington after the Democrats regained control of the House of Representatives and Republicans held the Senate in the November 6 midterm elections.

IBM a top bridge loan borrower with Red Hat buy

01 Nov 2018

NEW YORK (LPC) - IBM Corp’s $20 billion loan supporting the information technology company’s purchase of US software company Red Hat Inc is one of the largest ever bridge loans for a US investment grade company and banks are keen to lend after several quiet months for big mergers and acquisitions. 

Borrowing costs could rise for indebted US blue chip companies

18 Oct 2018

NEW YORK (LPC) - US blue chip companies that have been racking up record debt to fund strategic acquisitions and share buybacks could face higher borrowing costs as they are vulnerable to being downgraded to junk status in the next economic slump.

Borrowing costs could rise for indebted US blue chip companies

18 Oct 2018

NEW YORK, Oct 18 (LPC) - US blue chip companies that have been racking up record debt to fund strategic acquisitions and share buybacks could face higher borrowing costs as they are vulnerable to being downgraded to junk status in the next economic slump.

Summer lull hits U.S. loan fees despite Refinitiv deal

05 Oct 2018

NEW YORK (LPC) - Bank fees earned from arranging US syndicated loans fell in the third quarter amid a summer lull as bankers awaited the US$13.5bn financing backing Blackstone’s US$20bn buyout of Refinitiv, the biggest buyout deal to test the markets since the financial crisis.

Eager banks, investors drive record US syndicated lending

28 Sep 2018

NEW YORK, Sept 28 (LPC) - US syndicated lending is breaking records so far this year, even after a summer lull, as the voracious appetite by banks and investors to put money to work resumed after Labor Day.

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.

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