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Tuesday, 12 December 2017

Jonathan Schwarzberg' s stories

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  • North America Leveraged Loan: PetSmart’s US$4.3bn buyout loan

    All Special Reports | 18 December 2015

    When retailer PetSmart went to market in February with a US$4.3bn term loan to back its buyout by BC Partners, the outcome was uncertain at best, but the deal ended up being a success for the issuer and the lenders who put their confidence in the credit.

  • US Loan House: Citigroup cartoon

    US Loan House: Citigroup

    All Special Reports | 18 December 2015

    In a year when big acquisition financings dominated the US loan market, Citigroup showed the breadth of its lending business. It led the second-largest investment-grade bridge loan, participated in the biggest bridge loan and led the largest leveraged buyout loan to become IFR’s US Loan House of the Year.

  • Corporate Issuer: First Data cartoon

    Americas Issuer: First Data

    All Special Reports | 18 December 2015

    Even great businesses can suffer when their capital structure is carrying too much leverage. For executing an astonishing capital turnaround that culminated in a successful IPO, First Data is IFR’s Americas Issuer of the Year.

  • US Leveraged Loan: PetSmart’s US$4.3bn buyout loan

    All Special Reports | 18 December 2015

    When retailer PetSmart went to market in February with a US$4.3bn term loan to back its buyout by BC Partners, the outcome was uncertain at best, but the deal ended up being a success for the issuer and the lenders who put their confidence in the credit.

  • ​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.

  • Microsemi tests fragile US leveraged loan market

    Loans | 11 December 2015

    Chipmaker Microsemi is testing a volatile US leveraged loan market with a proposed US$2.425bn credit facility, weeks after the withdrawal of a US$5.5bn financing for software maker Veritas sent shockwaves through the market.

  • Golub Capital sees opportunity in choppy markets

    Loans | 04 December 2015

    Credit asset manager Golub Capital is looking to take advantage of volatility in the leveraged loan market to expand its business into larger deals such as healthcare analytics provider

  • A Petco store

    Petco’s financing joins US$14bn pipeline

    Loans | 27 November 2015

    A debt financing of around US$3bn backing CVC Capital Partners’ and the Canada Pension Plan Investment Board’s US$4.6bn acquisition of Petco Animal Supplies is joining a US$14bn pipeline of US leveraged buyout loans that are waiting to be sold after a US$5.5bn deal for data storage provider Veritas was

  • A Petco store

    Six banks provide commitments to back US$4.6bn Petco buyout

    Capital City | 23 November 2015

    (TRLPC) - A group of six banks has agreed to provide financing commitments to back retail chain Petco Animal Supplies Inc’s US$4.6bn buyout by CVC Capital Partners and Canada Pension Plan Investment Board (CCPIB), according to a statement.

  • Carlyle Group offices in Washington

    UPDATE – Funding for Carlyle LBO of Veritas falls apart

    Capital City | 17 November 2015

    Funding for the largest leveraged buyout of the year fell apart Tuesday when banks pulled the US$4.8bn bond-and-loan package for Carlyle’s buyout of Veritas due to lackluster investor interest.