Wednesday, 21 March 2018

Leela Parker Deo' s stories

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  • 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.

  • BDC space ripe for consolidation

    Loans | 16 September 2016

    Business development companies, which extended share price gains this summer after a prolonged slump, still face hurdles that prime the specialised closed end investment funds for consolidation.

  • Marketo logo

    PE firms put more capital into LBOs

    Loans | 26 August 2016

    Higher company valuations and lenders wary of risky investments are pushing private equity firms to increase the size of equity contributions for leveraged buyouts to near historic highs in the face of fierce competition from cash-rich corporate buyers.

  • Growing pipeline suggests post-Labor Day M&A pick-up

    Loans | 19 August 2016

    A growing pipeline of deals – buoyed by rising chief executive confidence, a stronger consensus about interest rate hikes, and an abundance of available capital – points to a post-Labor Day pick-up in M&A-related leveraged loan issuance.

  • CAMP Systems International logo

    CAMP lands US$757m refinancing loan

    Loans | 05 August 2016

    Global aircraft maintenance tracking and information services firm CAMP Systems International has returned to the US leveraged loan market with a US$757m refinancing loan as the private equity-owned company takes advantage of thin deal supply to push for aggressive terms.

  • A Parts Authority sign is seen on a store

    Middle-market lending to strengthen

    Loans | 08 July 2016

    Lending to US mid-sized companies is poised to increase in the second half of 2016 as lenders report a growing pipeline of M&A deals and expectations for a push ahead of the US election.

  • Logo of data analytics firm Qlik Technologies

    Alternative lenders step into revolvers as maturity wall looms

    Loans | 24 June 2016

    Alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since updated leveraged lending guidance was implemented in 2013.

  • 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.

  • 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.

  • Owl Rock Capital Partners logo

    Institutional demand spurs direct lending platforms

    Loans | 20 May 2016

    Institutional demand for private credit is propelling capital formation in the US middle market, as a flurry of newly created direct lending platforms enter the mix and existing alternative debt capital providers continue to raise money and add scale.