Saturday, 16 December 2017

Jonathan Schwarzberg' s stories

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  • 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.

  • Dell logo

    Dell readies US$16bn in investment grade notes

    Ticker | 10 May 2016

    (TRLPC) - Computer maker Dell is expected to come to market this week with at least US$16bn of investment grade notes to back its US$67bn acquisition of data storage products manufacturer EMC to a market hungry for high-quality paper, according to two sources familiar with the matter.

  • McGraw-Hill Companies offices

    Loans become more issuer-friendly

    Loans | 06 May 2016

    Companies are increasing the size of loan offerings and cutting pricing at rates not seen for a year, as investors are eager to snap up the high-quality deals that have been coming to market over the past month.

  • ADT sign

    Warm reception for ADT

    Top News | 22 April 2016

    A US$4.7bn bond and loan package backing the buyout of security systems company ADT by private equity firm Apollo met a warm reception last week, underscoring the improving tone in the leveraged finance market of late.

  • KKR logo

    KKR brings back dividend recaps

    Loans | 15 April 2016

    Private equity firm KKR & Co took the lead from investment banks constrained by regulation to arrange a US$325m dividend recapitalisation loan for insurance claims services provider Sedgwick Claims Management, which is the first large dividend deal of 2016 as volatility continues to make it difficult f

  • Numericable-SFR logo

    Numericable launches US$2.6bn refinancing

    Loans | 08 April 2016

    French telecoms company Numericable has launched a US$2.6bn term loan for refinancing, a day after stunning the market with its US$5.2bn bond deal, the largest single high-yield bond tranche ever issued (see Top News).

  • Macquarie takes top spot in LBO loan reshuffle

    Loans | 08 April 2016

    Macquarie Group made its debut as the top bookrunner of loans backing US private equity buyouts in the first-quarter league tables. Banks that traditionally dominate the league tables and non-banks such as Jefferies fell back as intense market volatility and regulation designed to curb risky lending co

  • Premiere Global Services logo

    Window of opportunity?

    Loans | 01 April 2016

    The improving tone in the US leveraged loan market is helping banks to relaunch some deals that were stuck in the market at the end of last year, including a US$550m buyout loan for web conferencing provider Premiere Global Services, although investors remain wary of highly leveraged deals and credit