Edition:
United Kingdom

Lynn Adler

Regional lenders BB&T, SunTrust combine to scale up

07 Feb 2019

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.

US companies turning to term loans for acquisition debt

25 Jan 2019

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.

Corporations increasingly seen defaulting on debt – survey

17 Jan 2019

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 Managers.

Healthcare deals raise pulse of US lending in 2019

11 Jan 2019

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.

Mergers, buyouts, refinancing spur record U.S. loan issuance

03 Jan 2019

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.

As junk threat weighs, GE looks to asset sales

07 Dec 2018

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 ratings.

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.

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