Monday, 23 July 2018

Leela Parker Deo' s stories

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  • 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.

  • 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.