Edition:
United Kingdom

Michelle Sierra

MoneyGram’s loan faces performance, money laundering concerns

07 Jun 2019

NEW YORK, June 7 (LPC) - Money transfer company MoneyGram International Inc is struggling to finalize a US$663m loan as its financial performance wilts under fierce competition following a US$125m US government fine last November for poor money-laundering controls, sources said.

América Móvil prepares for loan market return, seeks at least US$2.5bn

20 May 2019

NEW YORK, May 20 (LPC) - Mexico’s América Móvil is scouting lenders to refinance at least US$2.5bn in revolving credit facilities maturing this August, according to three banking sources, preparing a comeback to the Latin American bank market, where it has not issued debt since 2016.

Pemex’s US$8bn loan request comes amid heavy uncertainty

15 May 2019

NEW YORK, May 15 (LPC) - Petróleos Mexicanos’ (Pemex) US$8bn bank loan comes amid heavy investor uncertainty over the oil company’s debt load, but lenders wanting to maintain links with Pemex and the left-wing administration overseeing the firm may have little choice but to commit to the financing.

Bankers root for Occidental as end to tug-of-war looms

08 May 2019

NEW YORK, May 8 (LPC) - Occidental Petroleum Corp looks to be winning its tug-of-war with Chevron Corp to acquire Anadarko Petroleum Corp, in a turn of events cheered by bankers seeing the prospect of more loan and debt financing tied to the Occidental bid than Chevron’s.

Venezuela-owned Citgo rallies non-banks to raise US$1.2bn in loans

28 Mar 2019

NEW YORK, March 28 (LPC) - Venezuela-owned oil refiner Citgo mandated broker dealer and non-bank lender Jefferies to arrange a US$1.2bn term loan, after its previous traditional bank lenders declined to participate due to regulatory pressure to comply with political restrictions on doing business with its South American parent, sources familiar with the transaction said.

LatAm loans commanding competitive terms as region’s outlook improves

14 Nov 2018

NEW YORK, Nov 14 (LPC) - Latin American companies are commanding more favorable terms on syndicated loans as investor confidence returns to the region, even for credits that are perceived as riskier.

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.

Refinitiv loans break for trading

18 Sep 2018

NEW YORK, Sept 18 (LPC) - The US$9.25bn in term loans backing private equity firm Blackstone Group’s purchase of a 55% stake in Refinitiv, Thomson Reuters’ Financial and Risk (F&R) division, allocated and broke for trading on Tuesday.

Refinitiv deal wakes ghosts of LBOs past

14 Sep 2018

NEW YORK (IFR) - The return of big buyouts to the leveraged finance market has rekindled memories of the 2006 and 2007 bad old days of risky underwriting and excessive debt.

Refinitiv loan to launch September 4

28 Aug 2018

NEW YORK, Aug 28 (LPC) - Syndication of the US$8bn-equivalent loan package backing Blackstone’s buyout of Refinitiv, Thomson Reuters’ Financial and Risk (F&R) division, is expected to launch on September 4 in the US after the Labor Day holiday, bankers close to the deal said.

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