Wednesday, 12 December 2018

Jonathan Schwarzberg' s stories

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  • Euros trade better than dollars as US market tumbles

    Loans | 07 December 2018

    Euro-denominated loans are trading better on recent cross-border deals from issuers such as Refinitiv, the former Financial & Risk unit of Thomson Reuters, and Akzo Nobel’s chemical unit, in the midst of turbulent market conditions in the US.

  • Investors get tougher with SpaceX

    Loans | 30 November 2018

    The volatility rocking global stocks and bonds is encouraging loan investors to take a harder line with US companies, including Elon Musk’s SpaceX, as issuers try to raise new money in the leveraged loan market.

  • Volatility hits US loan market

    Volatility hits US loan market

    Top News | 30 November 2018

    Some US leveraged loans are struggling to clear the market after volatility in global equities pulled secondary loan prices lower and prompted a correction that has stranded opportunistic deals in the primary market as sentiment turned.

  • Equity volatility hits leveraged loans

    Loans | 23 November 2018

    Volatility in the equity and bond markets has pushed US secondary loan prices to levels not seen since 2016 and is putting pressure on deals in the market as investors demand better terms.

  • Johnson Controls sign

    Lenders ready 2019’s first jumbo buyout

    Top News | 16 November 2018

    The US leveraged loan market is looking forward to its first jumbo buyout loan of 2019, after the US$13.2bn acquisition of Johnson Controls International’s power business by private equity firm Brookfield Business Partners.

  • Apollo extends olive branch to investors

    Loans | 16 November 2018

    US investors are taking advantage of volatility in the equity and fixed income markets to extract pricing concessions and document changes on some recent buyout loans, including a US$4.975bn financing backing Apollo Global Management’s US$5.6bn acquisition of hospital company LifePoint Health.

  • SpaceX

    Space oddity stirs loan demand

    Top News | 09 November 2018

    Billionaire Elon Musk’s rocket and spacecraft company SpaceX is testing lenders’ risk appetite as it seeks to raise a US$750m term loan that will give the company additional balance sheet cash.

  • Lenders pass on marijuana, for now

    Loans | 02 November 2018

    Wall Street is warming up to the idea of financing marijuana producers as the sector blossoms, but concerns with regulation and reputational damage could stop banks from lending in the short term.

  • china; metal; recycling; scrap

    GFL Environmental pulls US$400m junk bond offering

    Ticker | 25 October 2018

    Waste recycling company GFL Environmental has pulled its planned US$400m junk bond sale and will instead increase its term loan, according to a lead on the deal.

  • Leverage rising on LBO loans after regulation relaxed

    Loans | 19 October 2018

    Leverage ratios on private equity-backed deals are rising again as banks compete more aggressively for lucrative private equity loans after regulators relaxed leveraged lending guidelines earlier this year.

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