Edition:
India

Jonathan Schwarzberg

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

17 May 2018

Rising stars slash debt costs in robust U.S. economy

NEW YORK (LPC) - Oil producer Continental Resources is one of several US companies that have been able to cut borrowing costs after their credit ratings were upgraded to investment-grade on the back of rising commodity prices and a robust economy.

04 May 2018

Investors tighten loan documents with J Crew blocker

NEW YORK, May 3 (LPC) - Lenders are tightening up US leveraged loan documents to stop issuers from removing security by transferring intellectual property into new subsidiaries and raising additional debt, an issue which surfaced last year when retailer J Crew did precisely that.

26 Apr 2018

GGP brings biggest pro-rata term loan of 2018

NEW YORK, April 26 (LPC) - A US$7bn crossover loan package backing the US$15.3bn cash and stock acquisition of GGP, the second-largest mall owner in the US, by global commercial real estate giant Brookfield Property Partners LP, includes the biggest term loan A (TLA) financing of the year so far.

26 Jan 2018

LPC: High demand helps US companies to cut leveraged loan pricing

NEW YORK, Jan 26 The US leveraged loan market has opened with a bang, allowing junk-rated companies such as food packaging company Crown Holdings to reduce pricing further amid strong demand for floating rate assets.

15 Dec 2017

Lower-rated firms at risk from US tax changes

NEW YORK Proposed changes to the U.S. corporate tax system could hurt at least a quarter of highly-leveraged companies and cause more defaults in an economic downturn, ratings agency Moody’s said this week.

08 Dec 2017

Exclusive: U.S. regulators offer Congress olive branch on loans

NEW YORK (LPC/IFR) - U.S. regulators said they are open to revising restrictions on leveraged lending, offering an olive branch to a GOP-controlled Congress keen to roll back banking regulations.

01 Dec 2017

LPC: US private equity lending hits record levels

NEW YORK, Dec 1 Lending to US private equity-owned companies hit a record high of US$588bn at the end of November, despite regulators’ attempts to cool the market and a lack of jumbo deals, and is expected to climb further before the end of the year.

23 Nov 2017

LPC-Opportunistic US leveraged loans face investor pushback

NEW YORK, Nov 23 Opportunistic leveraged loans for US companies, including nutritional supplement maker General Nutrition Centers (GNC) and digital research company Research Now, are facing pushback from investors and two lower-rated companies pulled deals this week citing adverse market conditions.

17 Nov 2017

LPC: Corporate borrowers rush to refinance despite weaker market

NEW YORK, Nov 17 US companies are rushing to complete opportunistic refinancings and repricings in the leveraged loan market as slumping secondary prices reflect turbulence in the high-yield bond market and indicate a possible pricing correction in loans.

03 Nov 2017

LPC: Office Depot’s M&A loan hits turbulence in retail sector

(The story corrects sales comparisons in the 11th paragraph)

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