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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 Aug 2018

Lower recovery rates to haunt U.S. leveraged loans

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.

10 Aug 2018

Leveraged loan deals in market hold key to post-Labor Day appetite

NEW YORK (LPC) - Bankers and investors are looking to payment processor Verifone’s buyout financing and a deal backing healthcare data analytics provider Verscend’s acquisition of payment accuracy provider Cotiviti to set the tone for leveraged loans when bankers return to work after the Labor Day holiday in the US, according to several bankers and investors.

10 Aug 2018

Leveraged loan deals in market hold key to post-Labor Day appetite

NEW YORK, Aug 10 (LPC) - Bankers and investors are looking to payment processor Verifone’s buyout financing and a deal backing healthcare data analytics provider Verscend’s acquisition of payment accuracy provider Cotiviti to set the tone for leveraged loans when bankers return to work after the Labor Day holiday in the US, according to several bankers and investors.

09 Aug 2018

Leveraged loan repricings resurface despite strong new issuance

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.

03 Aug 2018

Higher oil prices fuel M&A boom in energy

NEW YORK, Aug 3 (LPC) - Private equity firm KKR and energy infrastructure company Williams' US$1.2bn purchase of natural gas and oil processing and transporting company Discovery Midstream has added fuel to thriving oil and gas lending, only two years after low oil prices made the sector a no-go area.

27 Jul 2018

Loan market shrugs off prison financing protests

NEW YORK (LPC) - The U.S. leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates take aim at banks financing companies that run detention centers. 

27 Jul 2018

Loan market shrugs off prison financing protests

NEW YORK, July 27 (LPC) - The US leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates take aim at banks financing companies that run detention centers.

06 Jul 2018

Rising loan pricing creates challenges for big U.S. buyouts

NEW YORK (LPC) - Rising pricing is creating a more challenging environment for large US buyout loans that were underwritten earlier this year, including a US$13.5bn loan and bond financing for Thomson Reuters Finance and Risk (F&R) unit and an US$8.05bn financing for physician services provider Envision Healthcare.

22 Jun 2018

US second-lien – first choice?

NEW YORK, June 22, 2018 (LPC) - US companies including cell phone insurance provider Asurion and production studio Metro-Goldwyn-Mayer (MGM) are raising second-lien loans rather than cheaper high-yield bonds to take advantage of the flexibility that yield-hungry investors continue to offer.

15 Jun 2018

Tensions rise as private equity-backed companies push limits

NEW YORK, June 15 (LPC) - Investors are taking the fight against an assault on leveraged loan documentation to the courts as more private equity-backed companies, such as troubled retailer PetSmart, seek flexibility that could lead to raising new debt.

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