sections

Sunday, 22 October 2017

Jonathan Schwarzberg' s stories

Sort by: Newest firstOldest firstA-ZZ-A

  • The entrance to the Toys "R" Us Times Square store is seen in New York

    Playtime over for Toys 'R' Us

    Top News | 22 September 2017

    Toys ‘R’ Us has agreed a US$3.125bn debtor-in-possession financing as it seeks to restructure US$5bn of long-term debt.

  • McAfee lines up giant dividend payment

    Loans | 15 September 2017

    Software security firm McAfee is raising US$4.75bn of leveraged loans to finance a dividend payment of around US$2bn, which is one of the largest dividend payments on record, according to Thomson Reuters LPC data.

  • US leveraged loans ready for strong second half

    Loans | 25 August 2017

    The sizzling US leveraged loan market is expected to maintain its breakneck pace in the second half and potentially set new volume records, despite lower merger and acquisition activity, as the strength of investor demand continues to see off concern about mounting macroeconomic and geopolitical risks.

  • Petsmart store

    US retailers' woes worsen as loan prices slump

    Top News | 25 August 2017

    Pet supplies firm PetSmart is the latest US retailer to see its loan fall below 90% of face value as technology disruption threatens to boost borrowing costs in the struggling US retail sector and raises solvency and liquidity concerns.

  • Jumbo US buyout loans launch before summer slowdown

    Loans | 04 August 2017

    More than US$6.3bn of acquisition loans hit the US leveraged loan market last week as private equity firms launched three jumbo buyout loans to beat the summer slowdown and take advantage of favourable market conditions.

  • Appetite for second-lien increases as yields fall

    Loans | 14 July 2017

    The success of mobile phone insurance provider Asurion’s US$1.8bn second-lien loan may encourage more US companies to tap the market for US$1bn-plus junior loans to reduce their borrowing costs.

  • Senior leverage on buyouts surges to record levels

    Loans | 30 June 2017

    Senior leverage on buyouts reached record highs in the second quarter as companies including online education provider Ascend Software and secondary ticket seller Vivid Seats took on large chunks of first-lien debt to back their acquisitions.

  • Issuers walk as lenders resist aggressive refis

    Loans | 23 June 2017

    Virgin Media and plastic packaging company Berry Global have withdrawn their attempts to refinance loans to spreads in the 200bp-250bp over Libor range amid signs of resistance among leveraged lenders.

  • Hope springs eternal for LBO activity

    Loans | 23 June 2017

    US bankers say the summer may be busier than usual for sponsor-driven mergers and acquisitions, which would be good news for loan investors clamouring for leveraged buyouts to provide opportunities to put money to work.

  • Veritas comes full circle with repricing

    Loans | 16 June 2017

    Nearly a year to the day after banks finally sold the loans backing Veritas Software’s buyout at a discount of 85 cents on the dollar, the issuer has lowered the interest rate on the debt with a repricing exercise.

Show  10 per page20 per page50 per page