Saturday, 21 July 2018

Jonathan Schwarzberg' s stories

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  • Highly leveraged US loans still in demand

    Loans | 13 April 2017

    Traditional banks and alternative lenders are still underwriting highly leveraged US loans, despite regulatory scrutiny, as red-hot investor demand shows no sign of abating and new buyout loans remain scarce.

  • Repricings lead to market fatigue as deals pulled

    Loans | 01 June 2018

    Repricing fatigue has settled over the US leveraged loan market after more than 275 companies have turned to the segment over the past three months - many to cut borrowing costs - leading some of the most aggressively priced deals to trade off or even be pulled.

  • Concordia Healthcare logo

    ​Concordia concessions show pharma loans under pressure

    Loans | 23 October 2015

    Banks arranging US$1.865bn-equivalent of leveraged acquisition loans for pharmaceutical company Concordia Healthcare had to offer heavy discounts and other concessions to attract investors as this part of the US healthcare sector continues to be pummelled.

  • Presidio logo

    ​Presidio slashes call protection

    Loans | 22 May 2015

    Raging investor appetite created by a drought of US leveraged loans is helping companies including IT firm Presidio to push through a raft of borrower-friendly measures on heavily oversubscribed deals.

  • Uber

    ​Regulators criticise banks for Uber loan

    Top News | 13 January 2017

    Federal regulators have criticised several Wall Street banks in relation to the handling of a US$1.15bn leveraged loan they arranged for internet-based taxi service Uber Technologies last summer.

  • ​Sponsored M&A volume struggles

    Loans | 18 September 2015

    US private equity borrowing of US$47bn for the year to date is languishing at less than half of the US$95bn of deals completed in 2014, as regulation and high valuations bite. This is despite the recent announcement of two large leveraged loans backing the US$9.5bn buyouts of software company Solera Holdings

  • ​Staples loan still in place despite FTC complaint

    Loans | 11 December 2015

    Office supply company Staples’ US$2.75bn term loan backing the US$6.3bn acquisition of fellow retailer Office Depot will remain in place until February 4 2016, as planned, even though the Federal Trade Commission filed a complaint last week challenging the merger due to antitrust concerns.

  • Charter Communications logo

    ​Stronger credits to benefit from flight to quality

    Loans | 04 September 2015

    Big issuers, including cable company Charter Communications and chipmaker Avago Technologies will test the US leveraged loan ma

  • ABC Supply shelves repricing

    Loans | 10 February 2017

    Construction supply company ABC Supply has postponed its attempt to lower pricing on a US$1.875bn term loan after investors pushed back on aggressive pricing, in the first sign that investors are being more selective on repricing requests.

  • Acosta's refinancing tests regulators

    Loans | 24 April 2015

    A US$2.06bn term loan for sales and marketing agency Acosta is testing the US leveraged loan market’s ability to refinance existing loans with high leverage levels as regulators try to curb riskier lending.

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