NEW YORK (LPC) - The combination of two Southeast regional banking giants BB&T Corp and SunTrust Banks Inc, in a deal valued at $66 billion , positions the combined company to compete with rival lenders on a national scale.
NEW YORK, Jan 25 (LPC) - US high-grade companies, including
Bristol-Myers Squibb, are boosting the loan element of
multibillion dollar acquisition financings in a move that could
stretch some banks’ balance sheets.
NEW YORK, Jan 17 (LPC) - Corporations globally will
increasingly default on debt as economies slow while borrowing
costs and political strife escalate, according to a quarterly
survey by the International Association of Credit Portfolio
NEW YORK, Jan 11 (LPC) - Bankers are diagnosing another
robust year for US healthcare lending. The first two big loans
of 2019 are financing the acquisitions of pharmaceutical
companies, including the largest ever tie-up in the sector, and
more are expected.
NEW YORK (LPC) - Record financing for mergers and acquisitions as well as a push to lock in borrowing costs before interest rates headed higher drove US syndicated loan issuance to an all-time high of $2.6 trillion in 2018, surpassing by 6 percent the prior record set a year earlier.
NEW YORK, Dec 7 (IFR/LPC) - Industrial giant General
Electric faces a challenging 2019 as it looks to sell assets to
reduce its massive debt load and salvage its investment-grade
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
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.
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.
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