Lisa joined LPC in New York in August 2011 as a senior correspondent. She covers the secondary market for leveraged loans on a real-time basis for LPC and the Reuters wire and also writes for Gold Sheets and IFR magazine. Lisa joined from Reuters BreakingViews where she was a columnist. Before that, she was a columnist with Dow Jones Investment Banker and a reporter at both The Deal and Reuters News. Before making the move to journalism, Lisa was an associate in GE Capital’s Leveraged Finance Group and CIBC’s Investment Banking Group. Lisa received holds an MBA in finance from Columbia Business School and a BA in history from Yale.
US investors are assessing the volatile secondary loan prices of companies that are being hit by technological disruption as textbook publishers join retailers and oil and gas companies on a growing list of sectors facing “secular” change.
Construction supply company ABC Supply has postponed its attempt to lower pricing on a US$1.875bn term loan after investors pushed back on aggressive pricing, in the first sign that investors are being more selective on repricing requests.
A US$3.5bn loan refinancing and repricing for aircraft components maker TransDigm has been delayed after a report by short seller Citron Research said that the company’s “dangerous” business model was potentially vulnerable to criticism from President Donald Trump.