Monday, 23 July 2018

Leela Parker Deo' s stories

Sort by: Newest firstOldest firstA-ZZ-A

  • Middle market pricing ticks up

    Loans | 13 July 2018

    US middle market loan pricing is increasing at a slower rate than the larger US leveraged loan market, where assertive investors with more deals to choose from are winning concessions on pricing and documentation.

  • Highly leveraged buyouts peaking

    Loans | 22 June 2018

    The share of US institutional middle market loans that are classified as highly leveraged has hit a record high as strong investor demand continues to put pressure on midcap lending.

  • Firms focus on buy-and-build growth strategies

    Loans | 18 May 2018

    US middle market companies and their private equity sponsors are focusing on growing through ‘buy and build’ strategies, rather than transformative acquisitions, despite a surge in global merger and acquisition activity, as they prepare for a possible macroeconomic downturn.

  • BDCs move to boost leverage

    Loans | 20 April 2018

    Some Business Development Companies have already received board approval to increase the amount of debt that they can borrow after US legislation passed in March allowed them to double leverage on their funds.

  • Mid-market CLOs still on the hook for risk retention

    Structured Finance | 23 March 2018

    Managers of CLO funds that lend to mid-market US companies must continue to meet ‘skin in the game’ rules despite a court ruling which let most of the investment firms off the hook.

  • Highly rated borrowers drive pricing lower

    Loans | 09 March 2018

    Highly rated US leveraged loan issuers such as packaged foods company Pinnacle Foods and auto parts maker Allison Transmission are taking advantage of strong investor appetite for floating-rate assets to further cut borrowing costs.

  • Loan market shrugs off equity volatility

    Loans | 09 February 2018

    Volatility roiled the equity markets last week, but the US loan market barely paused as the asset class continues to look attractive to investors concerned about rising interest rates and potential inflation.

  • Lenders sweat over debt levels

    Loans | 12 January 2018

    Lenders to US mid-sized businesses are increasingly concerned about the higher levels of debt held by middle market companies compared with a year ago, as well as what they consider to be less restrictive leveraged loan documents, a survey by Carl Marks Advisors found.

  • FS teams with KKR to create lending platform

    Loans | 15 December 2017

    Alternative investment manager FS Investments has agreed to form a new partnership with investment firm KKR to create a middle market alternative lending platform that will manage a combined US$18bn in business development company assets, making it the largest platform of its kind.

  • North America Mid-Market Loan: SnapAV's US$315m LBO loan

    All Special Reports | 15 December 2017

    The US$315m covenant-lite leveraged buyout loan supporting private equity firm Hellman & Friedman’s acquisition of SnapAV was a tricky deal and still scored an execution that put it among the most aggressive and competitive middle-market loans of 2017.

  • BDCs show mixed results in competitive environment

    Loans | 10 November 2017

    Earnings season is well under way for business development companies and so far results are mixed for the closed-end investment funds that lend to private US middle market businesses.

  • Falling pricing, repayments weigh on BDC earnings

    Loans | 18 August 2017

    Sliding loan pricing and increased repayments are continuing to curb the profitability and growth of Business Development Company funds that lend to private US midsized companies.

  • Conflicting regulations hamper CLO risk retention

    Structured Finance | 21 July 2017

    Two pieces of regulation designed to protect investors could make it more difficult and expensive for funds to lend to mid-sized US companies as managers try to meet rules that require them to hold some of their funds’ risk.

  • Institutional market lures middle market borrowers

    Loans | 09 June 2017

    Middle market lenders are losing higher-yielding assets to the institutional loan market as companies such as US Anesthesia Partners, attracted by the lower spreads, opt to tap the broadly syndicated market, leaving private credit managers to reinvest repayment proceeds at lower yields.

  • Unitranche remains the most expensive execution

    Yields, size hit unitranche market

    Top News | 02 June 2017

    Falling yields and larger deals have wreaked vast changes on the structure of the unitranche loan market and put intense pressure on joint ventures set up by lenders to win business in that niche area.

  • Middle-market lenders resist pricing erosion

    Loans | 26 May 2017

    Credit investors are drawing a line in the sand with regard to the rates at which they are prepared to lend to US middle-market companies, after a wave of aggressive leveraged loan refinancings pulled yields lower in the first quarter of the year.

  • 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.

Show  10 per page20 per page50 per page