Monday, 24 September 2018

Jonathan Schwarzberg' s stories

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  • A Dollar General store in Colorado

    Dollar General nets US$12.25bn for Family Dollar bid

    Loans | 12 September 2014

    Dollar General has lined up US$12.25bn of loan commitments from Goldman Sachs and Citigroup to back its now hostile US$9.1bn bid for rival Family Dollar.

  • Burger King logo

    Burger King markets US$7.25bn package for Hortons buy

    Loans | 12 September 2014

    Burger King Worldwide is lining up a US$7.25bn loan package to finance its US$11.5bn acquisition of Tim Hortons in what is expected t

  • Burger King logo

    Investors want a bigger bite of Whopper deal

    Loans | 19 September 2014

    Investors are pushing back on pricing and terms on the US$7.25bn loan package that backs Burger King Worldwide’s US$12bn acquisition of Canadian restaurant chain Tim Hortons.

  • ZF to seek investment grade after TRW buy

    Loans | 19 September 2014

    German auto parts maker ZF Friedrichshafen is aiming for investment-grade status in the mid-term for the debt backing its US$13.5bn acquisition of US rival TRW Automotive Holdings.

  • Burger King investors 'Have It Their Way'

    Loans | 26 September 2014

    Loan investors, weary of the aggressive terms on leveraged loans, are pushing for a new norm that will allow them to get paid earlier for the money they commit to leveraged buyouts, as evidenced by their demands for changes to fast food company Burger King Worldwide’s US$7.25bn in loans to finance its acquisition of Canadian coffee chain Tim Hortons.

  • The sidecar of a motorcycle

    Sidecars zoom into view

    Loans | 03 October 2014

    Sidecar facility carve-outs from liens covenants, a popular feature in sponsored LBO financings, are increasingly being added to non-sponsored leveraged loans in yet another sign that loan quality and lender protection are eroding.

  • AVG Technologies logo

    Issuers make concessions to lenders amid volatility

    Loans | 17 October 2014

    Increasingly selective investors are calling for concessions on US leveraged loans that managed to launch before a spike in volatility all but closed the market last week. Buyers are still receptive to deals with good credit stories and results, but are snubbing riskier credits, which is forcing issuers to sweeten terms to syndicate deals.

  • Office of the Comptroller of the Currency

    OCC signals flexibility with leveraged loan ratio

    Loans | 24 October 2014

    Limits on loans that regulated banks handle for companies with high amounts of junk-rated debt are not set in stone, an official from the Office of the Comptroller of the Currency said.

  • Screens

    US market correction derails deals

    Top News | 07 November 2014

    The US$520m leveraged loan backing the merger of sample providers Bioplan and Arcade Marketing is the latest US deal to be hit by the market correction that has forced arranging banks to re-evaluate investor appetite and pricing levels.

  • Scientific Games

    Struggling deals highlight over-leveraged LBOs

    Top News | 21 November 2014

    Banks are not shying away from underwriting highly leveraged buyouts even as the buyside balks at some recent deals deemed to have too much debt and regulators continue to warn lenders to keep leverage levels in check.

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