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Wednesday, 18 October 2017

Leela Parker Deo' s stories

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  • M&A activity among mid-market firms rise

    Mid-market buyers decisive but sellers cautious – Citizens

    Loans | 16 January 2015

    In the US middle market, as economic prospects become clearer, once-passive buyers are taking more decisive action in pursuing acquisitions. Sellers, on the other hand, believe the warming economy will bring even higher valuations down the road and are willing to hold off, according to Citizens Commercial Banking’s Middle Market M&A Outlook 2015.

  • 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.

  • A Fat Face store

    Lenders feel the pinch

    Loans | 31 October 2014

    Recent market volatility has created casualties among a raft of riskier US and European leveraged loans that were trapped in a market correction as investors demanded higher returns.

  • Men walk past the headquarters of Fitch Ratings in New York

    Investment vehicles boost BDC yields

    Loans | 26 September 2014

    Business development companies (BDCs) are using off-balance sheet investment vehicles to boost yields as they compete for tightly priced leveraged loans. The use of these senior secured loan programmes (SSLPs) is, however, raising risk by increasing leverage, a report by Fitch Ratings warns.

  • Liquidity, low-growth point to healthy pipeline

    Loans | 19 September 2014

    A strong credit environment, ample liquidity and a borrower focus on M&A-driven growth suggest a healthy outlook for acquisition-related middle market dealflow for the remainder of the year.

  • Scientific Games

    New deals fuel cautious optimism

    Loans | 29 August 2014

    Two acquisition deals expected to contribute nearly US$9bn in new term debt to the US leveraged loan market brought summer to a close and optimism to bankers hoping the pipeline will continue to build in September. Bankers and investors said there are a slew of new deals in the works, though when and at what pace they launch is anyone’s guess.

  • Burger King

    Burger King feeds hungry lenders

    Top News | 29 August 2014

    US loan investors, hungry for more new-money paper, were served a Whopper-sized acquisition loan when fast food giant Burger King and Canadian coffee and doughnut chain

  • Albertsons

    Albertsons ups yield as loans trade off

    Top News | 08 August 2014

    US supermarket and drugstore conglomerate Albertsons is facing higher borrowing costs as loan pricing moves out amid global volatility, much like many other companies tapping the US leveraged loan market. 

  • Making hay while the sun shines

    Loans | 25 July 2014

    The US leveraged loan market is showing no signs of a seasonal slowdown. A flurry of opportunistic leveraged loans from issuers backed by strong demand from institutional investors suggests that the market may have recovered from a bout of weakness earlier this year just as geopolitical risk is increasing.

  • Cov-lite issuer defaults above average for first time

    Loans | 18 July 2014

    For the first time, covenant-lite borrowers are defaulting at a rate above the average for US non-investment-grade companies, according to a Moody’s report. Combined with eroding debt cushions, this could lead to lower recovery rates in the next default cycle.