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Michelle Sierra

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.

Blackstone selling two jumbo loans for F&R buyout

29 Jun 2018

LONDON (LPC) - Selldown of the jumbo $13.5 billion financing backing Blackstone Group’s $20 billion acquisition of a 55 percent stake in Thomson Reuters’ Financial and Risk unit is under way, banking sources said on Friday.

Blackstone starts marketing huge F&R buyout loan

25 Jun 2018

NEW YORK (LPC) - The $8 billion-equivalent term loan B portion of the debt financing backing Blackstone Group’s $20 billion acquisition of a 55 percent stake in Thomson Reuters’ Financial and Risk (F&R) unit is being shown to large institutional investors before an anticipated September launch, sources said on Monday.

American Axle loan refinancing shelved: sources

31 May 2018

NEW YORK (LPC) - A refinancing transaction for driveline system maker American Axle & Manufacturing was shelved as a softening in the equity and corporate debt markets is making investors wary of buying into leveraged loans that could lose value in a weakened secondary market, sources said.

American Axle loan refinancing expected to be shelved as markets soften: sources

29 May 2018

NEW YORK (LPC) - A refinancing transaction for driveline system maker American Axle & Manufacturing is expected to be shelved as a softening in the equity and corporate debt markets is making investors wary of buying into new leveraged loans that could lose value in the secondary market, sources said.

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