NEW YORK, Oct 5 (IFR) - Rating agencies are turning up the heat on companies that have not
met commitments to reduce debt after making significant acquisitions by warning their ratings
will be cut if they don't deliver.
NEW YORK (IFR) - The US$13.5bn buyout financing for Refinitiv, the financial data and technology division of Thomson Reuters, has had a strong response from the US loan and bond markets, resulting in an oversubscription and potentially lower pricing.
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.
NEW YORK (IFR) - Books on the US dollar high-yield bonds that will help finance the buyout of Refinitiv by Blackstone are oversubscribed, three bankers familiar with the deal told IFR.
NEW YORK (IFR) - Millions in projected cost-savings at Refinitiv will be a key consideration for investors mulling the US$13.5bn-equivalent loan and high-yield bond sale financing the buyout of the business, credit research firm CreditSights said on Monday.
NEW YORK (IFR) - A credit research firm is urging investors to push back on the terms of a high-yield bond that will help finance Blackstone's acquisition of Refinitiv, the Financial and Risk division of Thomson Reuters.
Refinitiv, Thomson Reuters’ Financial & Risk division, has fully launched its US$13.5bn-equivalent debt package, the largest buyout financing since the financial crisis and a major test of the leveraged finance markets on both sides of the Atlantic.
NEW YORK (IFR) - Credit rating opinions on new types of residential mortgage bonds have become increasingly divided, making it harder for investors to gauge their risks.
NEW YORK, Nov 15 (IFR) - Three high-yield bond deals have
been pulled from the market in the space of a week, but
investors insist it's not yet panic time for the asset class.
NEW YORK (IFR) - Intelsat's bonds rallied this week after the junk-rated satellite company agreed to merge with SoftBank-backed OneWeb in a move that could substantially cut its debt load.