Thursday, 21 June 2018

Leela Parker Deo' s stories

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  • Legislation to raise leverage limit on BDC's is in the works

    Raising BDC leverage cap to ease mid-market capital formation

    Loans | 15 November 2013

    Proposed legislation that would raise the leverage limit on business development companies (BDC) would ease restrictions on capital formation, making it easier to operate and increase borrower access to needed liquidity.

  • Logo of Learfield Communications, a sports marketing company

    Cov-lite open only to strongest middle-market firms

    Loans | 25 October 2013

    Lenders to mid-sized companies are holding the line on providing covenant-lite leveraged loans to borrowers, offering the structure only to the strongest credits and most liquid middle market issuers.

  • Medium-sized firms enjoy more financing options

    Loans | 27 September 2013

    Sustained investor appetite for higher-yielding, floating-rate assets and looming bank regulatory changes have contributed to an evolving middle-market lending landscape with more debt financing options available to borrowers, said speakers at the 19th Annual Thomson Reuters LPC Loan and CLO Conference held earlier this month.

  • US second-lien issuance soars to record level

    Loans | 16 August 2013

    Second-lien leveraged loans are staging a comeback in the institutional market, with issuance soaring last quarter to reach an all-time record, indicating another measure of robust investor appetite for yield.

  • Robust demand sinks Gardner Denver’s borrowing costs

    Loans | 26 July 2013

    Global industrial manufacturer Gardner Denver last week raised US$2.825bn in leveraged loans to fund its acquisition by private equity sponsor KKR. Hefty demand for the loans sent yields on the US dollar and euro tranches below 5%, with the US dollar Term Loan B increased by US$100m.

  • Icahn seeks Dell meeting after securing US$5.2bn

    Loans | 05 July 2013

    Billionaire investor Carl Icahn asked for a meeting with Dell’s special board committee after lining up US$5.2bn in loan commitments to back up his bid for a leveraged recapitalisation of the personal computer maker.

  • 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.