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Wednesday, 20 March 2019

David Bell' s stories

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  • Ford Credit logo

    Ford boosts size of first 2019 ABS

    Ticker | 19 March 2019

    Auto ABS issuer Ford Credit upsized a prime auto loan securitization on Tuesday, tapping into strong demand for liquid names.

  • Junk investors wary of Frontier litigation risk

    Bonds | 15 March 2019

    After the bankruptcy filing of Windstream last month, some junk investors are wary of Frontier Communications’ debt on concerns the company could be vulnerable to potential legal risk over its debt covenants.

  • US junk sees busiest week in year, but investors are wiser

    Bonds | 15 March 2019

    The US high-yield bond market was on track for its busiest week in about a year last week with more than US$11bn of junk bonds expected to price by the end of Friday.

  • Frontier Communications logo

    Investors wary of Frontier litigation risk

    Ticker | 15 March 2019

    After the bankruptcy filing of Windstream last month, some junk investors are wary of Frontier Communications’ debt on concerns the company could be vulnerable to potential legal risk over its debt covenants.

  • An employee shows U.S. dollars banknotes at a money changer in Jakarta, Indonesia.

    US junk sees busiest week in year, but investors are wiser

    Ticker | 14 March 2019

    The US high-yield bond market is on track for its busiest week in about a year with more than US$11bn of junk bonds expected to price by the end of the week.

  • Johnson Controls sign

    Power Solutions concedes on covenants to get deal done

    Ticker | 14 March 2019

    Banks have tightened the pricing on the leveraged loans and high-yield bonds that will finance Brookfield Business Partners‘ buyout of Johnson Controls’ Power Solutions business, but they had to tweak some of the covenants to win over investors.

  • ADT logo

    ADT readies US$2.65bn bond deal to trim interest costs

    Ticker | 13 March 2019

    Home security firm ADT is looking to issue US$2.65bn of new bonds in an effort to trim its interest costs, which ballooned after a leveraged buyout by Apollo in 2016.

  • texas flag face.jpg

    Some Target Hospitality covenants not welcomed

    Ticker | 13 March 2019

    Investors pushed back on the terms of a junk bond offering that will help finance a merger of two housing businesses in a booming oil region of Texas on concerns about the cyclical oil sector and the reliance on a few customers.

  • Sunoco station sign

    Sunoco fuels growth with new junk bond

    Ticker | 11 March 2019

    Gas distributor Sunoco is set to raise US$600m from a high-yield bond on Monday, which it will use to pay down its revolving facility that has helped finance a series of acquisitions.

  • Johnson Controls

    Investors plug into Power Solutions

    Top News | 08 March 2019

    A limited supply of leveraged finance deals looks likely to ensure a strong reception for a US$10bn debt package backing the buyout of Johnson Controls’ auto battery unit Power Solutions.

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