Aaron Weinman

MOVES- SMBC loan banker joins OPIC

18 May 2019

NEW YORK, May 17 (LPC) - SMBC’s Kristie Pellecchia, a managing director in the Japanese lender’s loan syndications team, has left the bank and joined the Overseas Private Investment Corp (OPIC), sources said.

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

16 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.

US investors sound alarm over projected add-backs

10 May 2019

NEW YORK, May 9 (LPC) - US investors in leveraged loans are increasingly worried that companies’ use of projected earnings figures in leveraged buyouts (LBOs) could blow up if the market turns south, derailing companies from meeting their revenue expectations and leaving them hung with billions in debt.

MOVES-UBS veteran Pinto-Leite to retire

24 Apr 2019

NEW YORK, April 24 (LPC) - UBS’ global co-head of leveraged finance Francisco Pinto-Leite is planning to retire at the end of this year after approximately 17 years with the Swiss investment bank, according to a source familiar with the move.

Loan documents deteriorate further following Neiman Marcus lawsuit

24 Apr 2019

NEW YORK, April 24 (LPC) - Companies emboldened by a favorable court decision for Neiman Marcus are taking advantage of the outcome to include language in loan documents curbing how corporates allocate the collateral packages of their subsidiaries, making it even harder to recover losses.

Banks push green agenda in Latin America even as borrowers resist

17 Apr 2019

NEW YORK, April 17 (LPC) - Banks active in Latin America have earmarked potential green loans for corporate borrowers, which seek to advance environmental, social and governance (ESG) criteria, despite some companies’ reluctance to allocate resources to environmentally-friendly operations.

Engie, CDPQ consortium line up financing for Brazilian TAG pipeline buy

08 Apr 2019

NEW YORK, April 8 (LPC) - French energy company Engie and Canadian pension fund Caisse de Dépôt el Placement du Québec (CDPQ) will tap into both dollar- and Brazilian real-denominated debt with nine lenders to back its purchase of the Transportadora Associada de Gás (TAG) natural gas pipeline in Brazil from state-controlled energy company Petróleo Brasileiro (Petrobras), according to three sources familiar with the transaction.

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’s top borrowers seize cheap loans as banks starve for dollar deals

22 Mar 2019

NEW YORK, Mar 21 (LPC) - Latin America’s most well-known corporate borrowers are increasingly tapping the bank loan market for low-cost funding, finding an international lender base hungry to deploy capital and grow their dollar exposure to the region.

Trinidad Petroleum secures new bank loans as bond repayment looms

13 Mar 2019

NEW YORK, March 12 (LPC) - Trinidad Petroleum Holdings (TPH) is in advanced debt restructuring talks with banks and has secured new loans of up to US$1.4bn based on oil reserves to ease a looming US$850m bond maturity in August, four people familiar with the matter said.

World News