NEW YORK, April 17 (LPC) - The calendar for US leveraged
loans is at the highest point of the year with new deals
including drug developer Catalent Pharma Solutions’ US$1.2bn
purchase of gene-therapy company Paragon Bioservices and private
equity firm Apollo Global’s US$1.1bn acquisition of Smart &
Final Stores providing a boost.
LONDON, April 17 (IFR) - Swiss investment bank UBS is slated
to merge its debt capital markets (DCM) and leveraged capital
markets (LCM) units into a single global entity, according to an
internal memo obtained by LPC, a unit of Refinitiv.
NEW YORK, April 16 (LPC) - Swiss investment bank UBS is
slated to merge its debt capital markets (DCM) and leveraged
capital markets (LCM) units into a single global entity,
according to an internal memo obtained by LPC, a unit of
NEW YORK, April 4 (LPC) - Deutsche Bank was the biggest
mover among the league tables for investment banks underwriting
leveraged loans during the first quarter of the year, according
to data from LPC, a unit of Refinitiv, despite turbulence in the
debt and equity markets that slowed lending in December and into
NEW YORK (LPC) - Opportunistic and aggressive loans financing dividend payments to private equity firms, such as a US$3.2bn loan for office supply company Staples, are back on the agenda as sponsors exploit excess investor demand while dealflow remains thin.
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, March 26 (LPC) - Bouts of volatility in the
US$1.2trn leveraged loan market has given lenders clout to push
for heightened credit protections, including quarterly
discussions with borrowers, which were eliminated as demand for
loans soared in recent years.
NEW YORK, March 22 (LPC) - Leverage levels on US private
equity buyouts are returning to record levels and private equity
firms’ equity checks are shrinking as banks underwrite more
aggressive loans, safe in the knowledge that they will not be
penalized by regulators.
NEW YORK, March 7 (LPC) - A limited supply of US leveraged
loans looks likely to ensure a strong reception for a US$5.45bn
loan which is part of a US$10bn financing package backing the
buyout of Johnson Control’s auto battery unit, Power Solutions,
despite more than US$15bn of outflows from loan funds in recent
NEW YORK, March 6 (LPC) - Banks, fresh off of a record year
of providing pro rata loans to highly indebted corporate
borrowers, are finding steady demand this year from issuers
seeking to lock in lower interest rates as non-bank pockets have
thinned and their funding becomes more expensive.