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Saturday, 24 February 2018

Leela Parker Deo' s stories

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  • A Coach store in New York

    Coach offers retail M&A blueprint

    Top News | 12 May 2017

    Handbag maker Coach’s US$2.4bn purchase of clothing retailer Kate Spade is the latest indication that US retailers are becoming increasingly willing to borrow to buy rivals and boost profits.

  • Demand for yield fires up US second-lien

    Loans | 13 April 2017

    US investors are turning to higher-yielding second-lien loans as primary spreads on US leveraged loans continue to fall in an aggressive repricing round and new deals remain scarce.

  • Qlik Technologies slashes loan cost

    Loans | 07 April 2017

    Data analytics firm Qlik Technologies is in the market with a US$1.07bn loan refinancing that will halve the interest margin on a highly leveraged loan that it raised from direct lenders less than a year ago, to finance its US$3bn sale to private equity firm Thoma Bravo.

  • BDC sector splitting into ‘haves’ and ‘have nots’

    Loans | 31 March 2017

    The performance of Business Development Companies is diverging into ‘haves’ and ‘have nots’, with some platforms continuing to raise capital and others struggling to perform as conditions in US middle market lending remain challenging.

  • Repricing surge boosts demand for second-lien loans

    Loans | 03 March 2017

    The repricing wave that has swept through the US leveraged loan market is gathering momentum in the riskier second-lien market as tumbling institutional term loan yields open the door to issuers seeking to cut borrowing costs further down the capital structure.

  • Institutional demand for yield benefits middle market

    Loans | 17 February 2017

    Institutional leveraged loan buyers are looking to higher priced middle-market loans as an offset to the repricing blitz pushing yields in the large corporate market to lows not seen since 2004.

  • Rising interest rates to boost BDC earnings

    Loans | 27 January 2017

    Business development companies, which specialise in lending to US private mid-sized businesses, are expected to show some much-needed earnings growth in 2017 as rising interest rates boost their income on floating-rate investments.

  • Investors await Trump policies

    Loans | 18 November 2016

    US leveraged loan investors are waiting to see whether President-elect Donald Trump will follow through on campaign pledges for sweeping policy changes before significantly changing their strategies or portfolios.

  • Monroe Capital logo

    New crop of middle market funds highlights demand

    Loans | 28 October 2016

    US middle market lenders continue to rake in fresh capital commitments, underscoring the growth in demand for private debt among yield-starved institutional investors facing record-low interest rates and increased volatility.

  • Augusta Sportswear logo

    Augusta swaps unitranche for lower cost loan

    Loans | 14 October 2016

    Athletic apparel maker Augusta Sportswear is tapping the loan market with a US$435m all-senior covenant-lite deal that refinances the company’s existing, and more costly, unitranche debt, cutting interest costs and improving flexibility.