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.
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.
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.
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.
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.
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.
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
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
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
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.