Sunday, 24 June 2018

Jonathan Schwarzberg' s stories

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  • Repricing loans saves companies millions of dollars

    Loans | 09 December 2016

    Home security systems company ADT Group has returned to the US leveraged loan market to slash its borrowing costs by repricing its buyout loan from April for the second time, as a lack of loans leaves investors with few options but to agree.

  • Leveraged loan returns hit four-year highs

    Loans | 02 December 2016

    Floating-rate leveraged loans issued to highly indebted US companies are seeing the highest total returns in four years, propelled by a secondary loan price surge since February when prices dropped to four-year lows.

  • Shoppers exit Macy's Herald Square store during early opening for Black Friday sales in Manhattan, New York, U.S., November 24, 2016

    Retailers count on holiday cheer

    Loans | 25 November 2016

    Loan investors are watching the holiday shopping season for signs of respite as struggling US retailers, including ‎sporting goods retailer Bass Pro Shops, face resistance and higher financing costs in the leveraged loan market.

  • CenturyLink logo

    Leveraged market welcomes M&A deals

    Loans | 04 November 2016

    US companies eager to pull the trigger on large leveraged acquisitions before the end of the year are looking beyond Tuesday’s presidential election in a bid to take advantage of investors’ need for new deals after a glut of refinancings in recent months.

  • Bass Pro Shops logo

    Bankers try to boost post-election M&A activity

    Loans | 14 October 2016

    US bankers desperate to book revenue before year-end are trying to boost leveraged M&A activity by pushing deals through after the looming presidential elections, which could create a busy finale for a volatile year.

  • Weak supply sparks borrowers to increase refis

    Loans | 07 October 2016

    A lack of new loan issuance and heavy demand for leveraged loans have created opportunities for issuers with strong credit profiles to increase the size of new refinancings by huge sums, extend maturities and lower borrowing costs.

  • Dell logo

    Investors braced for repricing wave as secondary prices soar

    Loans | 16 September 2016

    Rising secondary prices have prompted a new repricing wave in the US leveraged loan market, leaving investors to deal with the pain of reduced yields as issuers line up to take advantage of lower borrowing costs.

  • US Federal Reserve building

    Loans to float again as Libor rises

    Loans | 09 September 2016

    After eight years of fixed interest rates, leveraged loans are poised to be allowed to float freely once more, pegged to Libor, with the rate that borrowers pay lenders increasing as the benchmark rises.

  • Monitronics sign

    Refi loans overtake new deals for mergers, LBOs

    Loans | 09 September 2016

    US companies are borrowing more to cut costs, extend loan maturities and pay down junior debt than to raise new money for mergers or leveraged buyouts, in a growing trend that could extend until year-end.

  • Marketo logo

    PE firms put more capital into LBOs

    Loans | 26 August 2016

    Higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions for leveraged buyouts to near historic highs in the face of fierce competition from cash-rich corporate buyers.