Lynn Adler

US companies turn to banks for funding as institutional market thins out

06 Mar 2019

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.

US corporates tap term loans as they look to avert downgrades

22 Feb 2019

NEW YORK, Feb 21 (LPC) - US high-grade companies including Fiserv and Keurig Dr Pepper have increasingly turned to term loans, which are cheaper to issue and easier to prepay than longer-term bonds, as they prioritize debt reduction to avert credit rating downgrades.

Regional lenders BB&T, SunTrust combine to scale up

08 Feb 2019

NEW YORK (LPC) - The combination of two Southeast regional banking giants BB&T Corp and SunTrust Banks Inc, in a deal valued at $66 billion , positions the combined company to compete with rival lenders on a national scale.

US companies turning to term loans for acquisition debt

25 Jan 2019

NEW YORK, Jan 25 (LPC) - US high-grade companies, including Bristol-Myers Squibb, are boosting the loan element of multibillion dollar acquisition financings in a move that could stretch some banks’ balance sheets.

Corporations increasingly seen defaulting on debt – survey

17 Jan 2019

NEW YORK, Jan 17 (LPC) - Corporations globally will increasingly default on debt as economies slow while borrowing costs and political strife escalate, according to a quarterly survey by the International Association of Credit Portfolio Managers.

Healthcare deals raise pulse of US lending in 2019

11 Jan 2019

NEW YORK, Jan 11 (LPC) - Bankers are diagnosing another robust year for US healthcare lending. The first two big loans of 2019 are financing the acquisitions of pharmaceutical companies, including the largest ever tie-up in the sector, and more are expected.

Mergers, buyouts, refinancing spur record U.S. loan issuance

04 Jan 2019

NEW YORK (LPC) - Record financing for mergers and acquisitions as well as a push to lock in borrowing costs before interest rates headed higher drove US syndicated loan issuance to an all-time high of $2.6 trillion in 2018, surpassing by 6 percent the prior record set a year earlier.

As junk threat weighs, GE looks to asset sales

07 Dec 2018

NEW YORK, Dec 7 (IFR/LPC) - Industrial giant General Electric faces a challenging 2019 as it looks to sell assets to reduce its massive debt load and salvage its investment-grade ratings.

US loan market unfazed by looming political gridlock

09 Nov 2018

NEW YORK, Nov 9 (LPC) - The US syndicated loan market is optimistic that it can maintain its record-breaking pace of lending despite looming political deadlock in Washington after the Democrats regained control of the House of Representatives and Republicans held the Senate in the November 6 midterm elections.

IBM a top bridge loan borrower with Red Hat buy

02 Nov 2018

NEW YORK (LPC) - IBM Corp’s $20 billion loan supporting the information technology company’s purchase of US software company Red Hat Inc is one of the largest ever bridge loans for a US investment grade company and banks are keen to lend after several quiet months for big mergers and acquisitions. 

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