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United Kingdom

Yun Li

Loan funds see biggest outflows since 2015

02 Nov 2018

NEW YORK, Nov 2 (LPC) - US bank loan funds had the biggest weekly outflows in three years as October’s bruising equity market selloff cooled investors’ appetite for risk assets.

U.S. loans hold strong amid rising equity volatility

26 Oct 2018

NEW YORK (LPC) - Leveraged loans are standing out as the best-performing asset class in an otherwise brutal October as rising volatility in global equities has rippled across the capital markets.  

Akzo Nobel loans break for trading

20 Sep 2018

NEW YORK, Sept 20 (LPC) - The US$6.44bn in term loans backing Carlyle Group and Singaporean wealth fund GIC’s acquisition of Akzo Nobel’s chemicals business allocated and broke for trading on Thursday.

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.

The Container Store cuts borrowing costs in rare retail comeback

07 Sep 2018

NEW YORK (LPC) - Formerly distressed US storage and organization products retailer The Container Store has returned to the US leveraged loan market to reprice and extend a term loan, in a rare turnaround story as the retail sector remains under pressure.

The Container Store cuts borrowing costs in rare retail comeback

07 Sep 2018

NEW YORK, Sept 7 (LPC) - Formerly distressed US storage and organization products retailer The Container Store has returned to the US leveraged loan market to reprice and extend a term loan, in a rare turnaround story as the retail sector remains under pressure.

Attractive US leveraged loans to hold investors’ attention this fall

31 Aug 2018

NEW YORK, Aug 31 (LPC) - The US leveraged loan market is expected to take the lion’s share of the jumbo debt financings that are lining up for a post Labor Day launch, as investors continue to favor higher-yielding loans over junk bonds.

Lower recovery rates to haunt U.S. leveraged loans

17 Aug 2018

NEW YORK (LPC) - Overwhelming demand for floating-rate leveraged loans has eroded credit quality and will lead to more defaults and lower recovery rates in an economic downturn, according to ratings agency Moody’s.

Leveraged loan repricings resurface despite strong new issuance

08 Aug 2018

NEW YORK(LPC) - At least three US companies including warehouse retail store BJ’s Wholesale Club are seeking to cut borrowing costs on existing term loans after a surge in new money issuance this year put a brake on opportunistic repricing and refinancing transactions in July.

U.S. demand for second-lien leveraged loans surges

03 Aug 2018

NEW YORK(LPC) - US credit investors are ramping up their risk by venturing down the capital structure to second-lien loans, which offer higher yields but lower recovery rates.

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