Sunday, 22 July 2018

Leela Parker Deo' s stories

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  • Logo of US independent power producer Dynegy

    Dynegy bumps pricing as deal fails to sell

    Top News | 29 July 2011

    US independent power producer Dynegy has raised pricing and revised tranching on its US$1.7bn refinancing deal, after failing to fill the book by the July 22 commitment deadline, in order to better match investor demand for the paper. However, two separate lawsuits filed against the company before the commitment deadline still threaten to derail the deal.

  • KKR sees mezzanine opportunities

    Loans | 30 September 2011

    KKR Asset Management, which recently closed the more than US$1bn KKR Mezzanine Partners I fund, sees ongoing risk-aversion and market volatility driving long-term credit investment opportunities. Constraints on lending capacity among senior lenders and borrowers’ limited access to credit amid a prolonged period of global deleveraging has produced investment opportunities in the credit space, particularly for mezzanine, or junior debt.

  • Middle market sees flurry in face of wider volatility

    Loans | 15 October 2011

    Since late September, at least a half dozen middle-market LBO loans have been launched, along with a mix of refinancings, acquisition loans and a dividend recap deal. In contrast, in the broadly syndicated loan market, only two LBOs have been launched, Kinetic Concepts and Emdeon, underscori

  • The logo of Newport Corp, which recently raised a US$185m term loan A for acquisition financing

    Demand drives down pricing for MM

    Loans | 12 November 2011

    Competition among regional and commercial banks lending to middle market companies is driving borrowing costs lower, banking sources said. Favourable terms from bank lenders are even enticing some middle market borrowers to raise debt financing in the pro-rata market, instead of the typically higher-yielding institutional market.

  • Paul Volcker

    Volcker Rule could hamstring banks

    Top News | 26 November 2011

    The Volcker Rule could handicap the ability of banks to take out bridge loans made to non-investment grade companies, in effect making it more difficult for banks to de-risk their balance sheets.

  • Trader.bmp

    Investors fight volatility

    Top News | 28 January 2012

    Increased volatility has become the norm for credit investors, as liquidity seeps out of the secondary loan markets. Portfolio managers are likely to face heightened premiums for actively traded paper as well as increased transaction costs, leading to less trading overall.

  • US investors look to Europe

    Loans | 11 February 2012

    The confluence of widespread deleveraging among European banks and a significant wall of debt maturities that must be refinanced is creating a rising tide of distressed credit opportunities for US alternative investors. However, the pace of activity is developing more slowly than expected, according to credit investors.

  • Unitranche gains favour among PE

    Loans | 24 March 2012

    The unitranche structure, lauded for both its ease of execution and certainty of funding, continues to gain favour among middle-market private-equity sponsors.

  • Middle-market outlook uncertain

    Loans | 23 June 2012

    The US middle market has held up well so far this year, but the worsening European debt crisis and fears of a flagging global economy mean the outlook is uncertain at best.

  • July sees slew of middle market deals

    Loans | 21 July 2012

    The US middle market has been busy in July. At least 12 institutional and pro-rata loans have launched since the start of the month and more than half of the 35 deals in the US institutional forward calendar are from middle market issuers.

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