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Monday, 24 September 2018

Jonathan Schwarzberg' s stories

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  • 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.

  • Growing pipeline suggests post-Labor Day M&A pick-up

    Loans | 19 August 2016

    A growing pipeline of deals – buoyed by rising chief executive confidence, a stronger consensus about interest rate hikes, and an abundance of available capital – points to a post-Labor Day pick-up in M&A-related leveraged loan issuance.

  • Asurion picks rare debt structure

    Loans | 12 August 2016

    Mobile phone insurance provider Asurion has joined the ranks of private equity-backed companies looking to secure aggressively structured leveraged loan transactions with favourable pricing, leaving investors struggling to grasp yield.

  • Firms cut Libor floors on leveraged loans as rates rise

    Loans | 05 August 2016

    Companies including chipmaker Avago Technologies and food product producer Pinnacle Foods are issuing leveraged loans without Libor floors as the key benchmark rate rises.

  • Sponsors take advantage of yield void to sell UFC loans

    Loans | 29 July 2016

    The private equity buyers of mixed martial arts franchise Ultimate Fighting Championship are taking advantage of a thin supply of leveraged loans and investors’ increasingly desperate hunt for yield to win extra concessions on the financing backing the US$4bn acquisition despite aggressive leverage and sector concerns.

  • 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.