Sunday, 22 October 2017

Jonathan Schwarzberg' s stories

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  • UFC Fight Night

    Junk bond dropped for UFC buy in favor of loan

    Ticker | 26 July 2016

    The acquisition of cage-fighting franchise UFC will now be backed by a second-lien loan after bankers ditched plans for a high-yield bond, one banker on the deal told IFR.

  • Uber logo

    Uber rewrites rules with leveraged loan

    Top News | 15 July 2016

    Internet-based taxi service Uber, already a byword for disrupting established industries, has also confounded lenders in the leveraged loan market accustomed to mature and staid companies.

  • LBO league table has more familiar look

    Loans | 15 July 2016

    Leverage buyout volume looks like it has returned to more familiar ground, after Macquarie Capital leapt to the top of Thomson Reuters LPC LBO league tables during the first quarter amid extremely slow activity and volatile conditions.

  • A promotion for "The Expendables"

    Leveraged market stays strong

    Loans | 01 July 2016

    Apart from a pair of opportunistic leveraged loan deals that were shelved following the announcement that the UK had voted to pull out of the EU, confidence in the market remains robust.

  • Logo of data analytics firm Qlik Technologies

    Alternative lenders step into revolvers as maturity wall looms

    Loans | 24 June 2016

    Alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since updated leveraged lending guidance was implemented in 2013.

  • Dell logo

    Brexit fears spread to the States

    Loans | 24 June 2016

    Economic and market upheaval spurred by Britain’s vote to leave the EU is spilling into the US leveraged loan market, knocking down bid prices and chilling new issuance while volatility escalates.

  • Uber logo

    Uber leads move to leveraged loans

    Top News | 17 June 2016

    Internet-based taxi service Uber is turning to the leveraged loan market to fund expansion plans, a move that was previously exclusive to more established companies.

  • Qlik Technologies sign

    Qlik lines up record unitranche

    Top News | 10 June 2016

    The US$1.075bn unitranche loan backing Thoma Bravo’s US$3bn take-private acquisition of data analytics firm Qlik Technologies – the largest such loan ever provided by a business development company – is pushing the limits on leveraged lending by alternative investors as banks pull away from risky loans.

  • Veritas logo

    Lenders rely on lower leverage, improved market to sell Veritas

    Loans | 10 June 2016

    Banks are hoping that lower leverage and strong loan market conditions lead to a better outcome as they bring back to the market US$3.3bn of term loans tied to private equity firm Carlyle’s US$7.4bn buyout of software company Veritas.

  • Demand for loans drives dividend craze

    Loans | 03 June 2016

    The high demand for loans amid a lack of supply of financings from mergers and acquisitions has turned sponsors’ attention to dividend recapitalisations in their attempt to maximise returns.