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Monday, 11 December 2017

Jonathan Schwarzberg' s stories

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  • 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.

  • Reichhold plant

    Unitranches grow in volatile market

    Loans | 27 May 2016

    Middle market sponsors are demanding bigger unitranche loans as the structure, which has typically been used for smaller deals, gains wider appeal due to challenging market conditions for second-lien loans in the US and heightened competition in Europe.

  • Dell logo

    Dell’s waiting game to pay dividends

    Top News | 27 May 2016

    Computer giant Dell’s decision to sit out months of extreme credit market volatility appears to have paid off as it has launched the biggest US syndicated term loan since last November into a market eager for exposure to debt backing the US$67bn acquisition of EMC Corp.

  • AdvancePierre Foods logo

    Second lien set for syndication

    Loans | 20 May 2016

    Banks are considering underwriting second-lien deals again after the market virtually shut down in late 2015, creating a trend that has been described as BYOJ, or “bring your own junior debt” for sponsors.