Monday, 24 September 2018

Leela Parker Deo' s stories

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  • 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.

  • Icahn puts money where his mouth is

    Loans | 28 June 2013

    Ahead of a July 18 shareholder vote that is expected to decide the fate of computer manufacturer Dell, Carl Icahn tapped the market with US$5.2bn in loans slated to back his leveraged recapitalisation plans for the company. The loans, which include creative incentives to attract lenders, suggest the billionaire investor is

  • Institutional loans increase middle-market share

    Loans | 10 May 2013

    Institutional issuance of middle-market loans to sponsor-backed companies rose significantly last quarter, snagging share from banks grappling with regulatory changes that require them to hold more reserves to hedge losses on riskier assets.

  • Times Square Ball

    Looming tax changes drive deals

    Top News | 08 December 2012

    US high-yield bond issuers are looking to finance special dividends to shareholders and private equity-backed middle-market borrowers are securing dividend recapitalisation loans in record numbers ahead of a widely expected hike in tax rates.

  • 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.

  • Easy landing for CAMP repricing

    Loans | 13 October 2012

    CAMP International Holding Co easily landed an opportunistic repricing of its US$255m covenant-lite loan less than six months after the global provider of aircraft maintenance and information services was sold to private equity firm GTCR. 

  • 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.

  • 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.

  • 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.

  • 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.