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Tuesday, 19 June 2018

Jonathan Schwarzberg' s stories

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  • 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.

  • 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