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Thursday, 14 December 2017

Jonathan Schwarzberg' s stories

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  • Premiere Global Services logo

    Once struggling loans draw red-hot demand

    Top News | 24 February 2017

    Web conferencing provider Premiere Global Services is considering a return to the loan market to reprice its debt and even add a little more to pay a dividend after struggling to sell the same buyout-related debt last year, illustrating growing demand for US leveraged loans.

  • US Foods delivery truck

    Lev loan issuers dump covenants at record pace

    Top News | 17 February 2017

    Investors’ appetite for leveraged loans is allowing companies to line up debt with few safeguards on an unprecedented scale.

  • 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.

  • Alternative lenders gaining ground

    Loans | 10 February 2017

    Red-hot investor demand for US leveraged loans is helping institutions not bound by federal lending guidelines to lead and sell aggressive deals that traditional arranging banks are unable to provide.

  • TransDigm logo

    Short seller delays TransDigm refi

    Top News | 27 January 2017

    A US$3.5bn loan refinancing and repricing for aircraft components maker TransDigm has been delayed after a report by short seller Citron Research said that the company’s “dangerous” business model was potentially vulnerable to criticism from President Donald Trump.

  • A H-IIA rocket, Telesat's broadcast and telecommunication satellite, lifts off from the launching pad at Tanegashima Space Center on the Japanese southwestern island of Tanegashima

    Lev loan repricing turned up to 11

    Top News | 20 January 2017

    Almost a third of the US leveraged loan market has taken advantage of huge demand for floating-rate assets to cut pricing on existing debt over the last year, shaving interest payments by millions of dollars, and the floodgates are still wide open.

  • MEG ties up loan as market reopens to oil and gas

    Loans | 20 January 2017

    Canadian oil and gas company MEG Energy has completed a US$1.235bn deal that will be used to refinance debt and is part of an overall capital restructuring, potentially opening the door for other leveraged energy borrowers to tap the loan market.

  • Market expects more leveraged M&A

    Loans | 13 January 2017

    Bankers and investors are expecting US merger and acquisition activity to pick up in 2017 as fiscal stimulus, tax reform and other policies supporting economic growth are introduced by President-elect Donald Trump and the new Republican administration.

  • 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.

  • Uber

    Regulators criticize banks over Uber loan - sources

    Ticker | 11 January 2017

    Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies this past summer, according to people with knowledge of the matter.