Tuesday, 22 January 2019

Jonathan Schwarzberg' s stories

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  • 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.

  • KKR plays both sides on Sedgwick Claims buyout

    Loans | 12 October 2018

    KKR Capital Markets is arranging a leveraged financing that will back the US$6.7bn sale of one of its portfolio companies, insurance services provider Sedgwick Claims, as private equity firms continue to boost their lending capabilities.

  • Opportunistic refinancings follow success of jumbo deals

    Loans | 28 September 2018

    At least six US companies launched opportunistic leveraged loan repricing deals last week after the successful conclusion of a trio of massive buyout loans revealed huge unsatisfied investor demand for floating rate assets in a rising interest rate environment.

  • Envision Healthcare

    Envision loan completes jumbo buyout trio

    Top News | 21 September 2018

    The US$5.05bn term loan for Envision Healthcare is the third massive leveraged loan to hit the market in September and also looks set to benefit from huge institutional demand, which has already seen multi-billion buyout loans for Thomson Reuters’ Financial and Risk business, Refinitiv, and Akzo Nobel’s chemicals busine

  • Flowers bloom in front of St Paul's Cathedral in central London

    PE heaven as jumbo buyouts bloom

    Top News | 21 September 2018

    The overwhelming response to the US$13.5bn buyout loan and bond financing for Refinitiv and the similar US$7.6bn debt financing backing Akzo Nobel’s spin-off of its chemicals business looks set to have far-reaching consequences for the debt markets.