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Tuesday, 24 October 2017

Leela Parker Deo' s stories

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  • Unitranche remains the most expensive execution

    Yields, size hit unitranche market

    Top News | 02 June 2017

    Falling yields and larger deals have wreaked vast changes on the structure of the unitranche loan market and put intense pressure on joint ventures set up by lenders to win business in that niche area.

  • 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.

  • US second-lien issuance soars to record level

    Loans | 16 August 2013

    Second-lien leveraged loans are staging a comeback in the institutional market, with issuance soaring last quarter to reach an all-time record, indicating another measure of robust investor appetite for yield.

  • 3i is considering targeting the US middle market through a business development company or through CLOs

    US middle market attracts European investors

    Loans | 20 October 2012

    A number of European institutional investors are turning to the US middle market in their hunt for yield as frustration with the hamstrung European credit markets drags on. Facing persistently low returns on government and public debt instruments, investors are sitting on an abundance of cash and looking for opportunities.

  • Screens

    US market correction derails deals

    Top News | 07 November 2014

    The US$520m leveraged loan backing the merger of sample providers Bioplan and Arcade Marketing is the latest US deal to be hit by the market correction that has forced arranging banks to re-evaluate investor appetite and pricing levels.

  • 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.

  • 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.

  • 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.

  • Logo of Asurion, a provider of customer services for the mobile phone industry

    Time out

    Loans | 28 June 2013

    Market turbulence has prompted US companies to shelve more than US$14bn in loans that had been aiming to slice borrowing costs or fund shareholder dividends, confining most issuance to borrowers with imminent financing needs.

  • Logo of The Jones Group

    Sycamore levers up apparel brands

    Loans | 14 February 2014

    Private equity firm Sycamore Partners, in conjunction with its takeover of The Jones Group, is preparing for the potential sale of some of the apparel company’s brands by splitting up divisions and raising debt at those segments.

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