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India

Prudence Ho

Direct lenders raise billions in ops funds amid market turmoil

22 May 2020

LONDON (LPC) - A number of European direct lenders are opportunistically raising billions in high return funds to deploy to borrowers in much need of liquidity, taking advantage of the volatility caused by Covid-19.

Direct lenders raise billions in ops funds amid market turmoil

22 May 2020

LONDON, May 22 (LPC) - A number of European direct lenders are opportunistically raising billions in high return funds to deploy to borrowers in much need of liquidity, taking advantage of the volatility caused by Covid-19.

Bankers pitch refis ahead of 2Q results

15 May 2020

LONDON, May 15 (LPC) - Banks are pitching refinancings to a large number of leveraged loan borrowers hoping to take advantage of a limited window before second quarter trading results emerge, rendering some deals at that point too expensive or unviable due to the negative impacts of Covid-19.

REFILE-Europe’s leveraged loan market reopens for business, at a price

07 May 2020

LONDON, May 7 (LPC) - Europe’s leveraged loan market reopened for business last week for the first time since March as European lab operator Synlab and US data analytics firm Nielsen launched deals to reshuffle their capital structures and replace bonds with loans, but are paying up to do so.

Banks boost lending to mid-market companies

01 May 2020

LONDON, May 1 (LPC) - Banks are responding to regulators’ calls for them to ramp up lending to hard-hit European middle-market businesses struggling with the downturn caused by the Covid-19 outbreak.

Loose loan documentation to be put to the test

24 Apr 2020

LONDON, April 24 (LPC) - Exceptionally aggressive documentation gained by sponsors on portfolio companies over the past few years is finally set to be put to the test as borrowers seek to bolster liquidity in the wake of the Covid-19 pandemic.

Direct lenders mull price hike if borrowers tap govt funding

17 Apr 2020

LONDON, April 17 (LPC) - Direct lenders are considering charging higher interest rates and fees to portfolio companies that tap emergency loans as part of the government Covid-19 bailout scheme.

Market disruption creates ‘print and sprint’ CLOs

09 Apr 2020

LONDON, April 9 (LPC) - A number of CLO managers are printing short dated CLOs to take account of current market disruption caused by Covid-19 and buy bargain trades in the secondary loan market following a massive sell-off in loan pricing.

Leveraged credits face reality check on debt load sustainability

02 Apr 2020

LONDON (LPC) - Some 40% of European corporate high-yield bond and leveraged loan issuers have low leverage headroom and could struggle to cope with the downturn caused by the coronavirus, Fitch Ratings said in a recent report.

Leveraged credits face reality check on debt load sustainability

02 Apr 2020

LONDON, April 2 (LPC) - Some 40% of European corporate high-yield bond and leveraged loan issuers have low leverage headroom and could struggle to cope with the downturn caused by the coronavirus, Fitch Ratings said in a recent report.

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