Saturday, 23 June 2018

Jonathan Schwarzberg' s stories

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  • KKR logo

    KKR brings back dividend recaps

    Loans | 15 April 2016

    Private equity firm KKR & Co took the lead from investment banks constrained by regulation to arrange a US$325m dividend recapitalisation loan for insurance claims services provider Sedgwick Claims Management, which is the first large dividend deal of 2016 as volatility continues to make it difficult f

  • Numericable-SFR logo

    Numericable launches US$2.6bn refinancing

    Loans | 08 April 2016

    French telecoms company Numericable has launched a US$2.6bn term loan for refinancing, a day after stunning the market with its US$5.2bn bond deal, the largest single high-yield bond tranche ever issued (see Top News).

  • Macquarie takes top spot in LBO loan reshuffle

    Loans | 08 April 2016

    Macquarie Group made its debut as the top bookrunner of loans backing US private equity buyouts in the first-quarter league tables. Banks that traditionally dominate the league tables and non-banks such as Jefferies fell back as intense market volatility and regulation designed to curb risky lending co

  • Premiere Global Services logo

    Window of opportunity?

    Loans | 01 April 2016

    The improving tone in the US leveraged loan market is helping banks to relaunch some deals that were stuck in the market at the end of last year, including a US$550m buyout loan for web conferencing provider Premiere Global Services, although investors remain wary of highly leveraged deals and credit

  • Global Payments logo

    Global Payments cuts Libor floor as rates forecast to rise

    Loans | 24 March 2016

    Payments processing company Global Payments dropped the Libor floor on a proposed US$1.045bn seven-year term loan backing its US$4.3bn purchase of rival Heartland Payment Systems.

  • Atlantic Power logo

    Investor demand revives refinancing

    Loans | 24 March 2016

    US companies including payment technology firm First Data and electricity generator Atlantic Power are refinancing leveraged loans in a sign that conditions in the beleaguered market could be improving slightly as inflows and increased investor demand create a window of opportunity for firms to extend debt maturities.

  • Solera office

    Investors push back on aggressive documentation

    Loans | 11 March 2016

    US investors are pushing back on some of the more aggressive features in leveraged loan credit agreements that allow private equity-owned companies to increase debt in a volatile economic environment.

  • The HCA headquarters in Nashville, Tennessee

    Jumbo deals test investor appetite

    Loans | 04 March 2016

    New jumbo leveraged loans for healthcare giant HCA and chipmaker ON Semiconductor are expected to price at a premium, as a dent in dema

  • Second-lien debt challenged by volatility

    Loans | 26 February 2016

    Second-lien debt has become difficult to place in both the US and the European leveraged loan markets, as volatility has sent secondary prices crashing and caused several buyout financings to remain on banks’ books after failing to syndicate even senior secured loans.

  • ADT sign

    ADT’s giant LBO to test weak US market

    Top News | 19 February 2016

    The US$4.7bn financing backing security firm ADT’s jumbo US$7bn buyout by Apollo is expected to provide a clear test of appetite in the turbulent US leveraged finance market.