Saturday, 24 March 2018

Alasdair Reilly' s stories

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  • Mothercare and Carpetright seek loan amendments

    Loans | 23 March 2018

    Mothercare and Carpetright are looking to amend bank loans, the latest sign that pressure continues to mount on the UK retail sector as consumers rein in high street spending.

  • Cigna backs Express Scripts buy with debt

    Loans | 09 March 2018

    Health insurer Cigna is backing its nearly US$53bn purchase of pharmacy benefit manager Express Scripts Holding Co with committed debt financing from Morgan Stanley and MUFG. This is the latest tie-up aimed at cutting costs and fending off potential competition from companies including online retailer, in the midst of a US healthcare system makeover.

  • Uncertainty drives refi push

    Loans | 16 February 2018

    With market uncertainty, a potential rise in interest rates and the gradual winding down of the European Central Bank’s quantitative easing programme, the era of cheap borrowing could be coming to an end. Many large European companies are looking at an early return to the loan market to refinance their credit facilities before conditions change for the worse.

  • Broadcom details record loan

    Loans | 16 February 2018

    Chipmaker Broadcom has detailed the record-breaking US$100bn syndicated loan backing its proposed US$121bn acquisition of Qualcomm.

  • Southern Europe premium recedes

    Loans | 09 February 2018

    Corporate borrowers in Spain and Italy are taking advantage of competitive loan market conditions to refinance existing credit facilities at improved, pre-sovereign debt crisis levels, with Iberdrola and Telecom Italia the latest big names to lock in liquidity on better terms after Enel tapped the market in December.

  • LMA addresses tardy settlement

    Loans | 02 February 2018

    The Loan Market Association is introducing the prospect of financial penalties for banks that drag their heels settling primary loans by including delayed compensation for lenders that exceed recommended timelines.

  • An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London

    Stronger pound prompts M&A loan spree

    Top News | 19 January 2018

    A rally in the sterling to US dollar exchange rate, allied with very attractive borrowing conditions, has raised expectations of an M&A loan boom in the EMEA region and in the UK in particular in 2018 as companies strategically position themselves for life after Brexit.

  • Melrose agrees £4.5bn loan for GKN bid

    Loans | 19 January 2018

    Manufacturing investment company Melrose is backing its £7.4bn hostile bid for engineering firm GKN with £4.5bn-equivalent of loans.

  • Telefonica's logo is seen on top of Telefonica's tower in Barcelona

    Telefonica uses blockchain for Schuldschein

    Top News | 12 January 2018

    Telefonica Deutschland has launched a Schuldscheindarlehen for a targeted €200m that includes a “blockchain tranche”, the second time the technology has been used in the SSD market.

  • EMEA lending falls to US$894bn

    Loans | 05 January 2018

    Syndicated lending in Europe, the Middle East and Africa in 2017 dropped 2% to US$894bn from the 2016 total, as a result of subdued refinancing activity in the first half and patchy acquisition financing throughout the year.

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