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.
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.
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.
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.
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
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.
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.
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
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
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.