Edition:
India

Andrew Berlin

PetSmart's loan slips after promotional missteps and ongoing losses

01 May 2018

NEW YORK (LPC) - US pet supplies retailer PetSmart’s US$4.2bn leveraged loan dipped in the secondary market after the company posted another weak quarter of earnings as it continues to spend aggressively to grow online to offset slowing traffic at its brick-and-mortar operations, sources said.

PetSmart’s loan slips after promotional missteps and ongoing losses

01 May 2018

NEW YORK, April 30 (LPC) - US pet supplies retailer PetSmart’s US$4.2bn leveraged loan dipped in the secondary market after the company posted another weak quarter of earnings as it continues to spend aggressively to grow online to offset slowing traffic at its brick-and-mortar operations, sources said.

TransUnion lines up $1.4 billion in loans for Callcredit acquisition

25 Apr 2018

NEW YORK (LPC) - US consumer credit reporting agency TransUnion’s acquisition of UK-based peer Callcredit Information Group Limited will be backed by US$1.4bn in leveraged loans, according to two sources familiar with the matter.

TransUnion lines up US$1.4bn in loans for Callcredit acquisition

25 Apr 2018

NEW YORK, April 25 (LPC) - US consumer credit reporting agency TransUnion’s acquisition of UK-based peer Callcredit Information Group Limited will be backed by US$1.4bn in leveraged loans, according to two sources familiar with the matter.

Regulated banks soften stance on leveraged lending guidance

20 Apr 2018

NEW YORK (LPC) - Regulated banks are underwriting more highly leveraged buyout loans for US companies as the Republican administration relaxes guidelines aimed at reducing risk, which is leveling the playing field with unregulated lenders again.

Hearthside Food buyout backed by US$1.645bn in loans

19 Apr 2018

NEW YORK, April 19 (LPC) - US food contract manufacturer Hearthside Food Solutions’ leveraged buyout by private equity firms Charlesbank Capital Partners and Partners Group will be backed by US$1.645bn of loans, according to three sources familiar with the matter.

GE Healthcare IT unit carveout backed by $850 million in loans

13 Apr 2018

NEW YORK (LPC) - Private equity firm Veritas Capital has lined up $850m in leveraged loans to back its acquisition of GE Healthcare’s value-based care business, according to two sources familiar with the matter.

Banks narrow losses on American Greetings buyout debt

07 Apr 2018

NEW YORK (LPC) - Nine banks that were facing losses on the fully underwritten US$1.02bn loan and bond financing backing the buyout of US greeting cards and stationery maker American Greetings by private equity firm Clayton, Dubilier & Rice (CD&R) are taking less of a hit after an eleventh-hour reduction in the amount of debt that was raised, two sources familiar with the matter said.

Banks facing losses on American Greetings buyout debt

06 Apr 2018

NEW YORK (LPC) - Nine banks are facing losses on a fully underwritten US$1.02bn loan and bond financing backing the buyout of US greeting cards and stationery maker American Greetings by private equity firm Clayton, Dubilier & Rice (CD&R) after a weak response from investors, three sources familiar with the matter said.

Nine West nears bankruptcy with plan to sell footwear brand: sources

05 Apr 2018

U.S. fashion footwear company Nine West Holdings Inc intends to file for bankruptcy as soon as this week with a plan to sell the intellectual property of its flagship brand to Authentic Brands Group LLC, people familiar with the matter said on Thursday.

World News