Saturday, 22 September 2018

Michelle Sierra' s stories

Sort by: Newest firstOldest firstA-ZZ-A

  • Lonza launches US$2.4bn deal

    Loans | 23 July 2011


  • Express jumbo M&A loan brings market cheer

    Top News | 23 July 2011

    Loans Express Scripts’ US$14bn bridge loan backs US$29.1bn Medco buy

  • Bridge loans signal M&A optimism

    Loans | 30 July 2011

    As the August 2 deadline looms for raising the US debt ceiling, a growing pipeline for bridge loans – which continues to build, despite concerns about a potential default – signals optimism among corporates regarding a favourable resolution, bankers said.

  • IP launches US$3.7bn M&A loan

    Loans | 12 August 2011

    Despite the challenging economic environment, and facing pushback from the company’s board, International Paper last week began marketing the US$3.7bn financing package backing its US$3.3bn hostile bid for corrugated paper-maker Temple-Inland.

  • Google on Motorola.jpg

    Google spurns loan market for takeover

    Top News | 19 August 2011

    Google’s US$12.5bn acquisition of Motorola Mobility suggests that cash-rich companies may not need to access the syndicated loan markets to pay for multi-billion dollar purchases.

  • Euro Banks halve Express Scripts tickets

    Loans | 26 August 2011

    Syndication of US$5.5bn pro rata tranche hit by dollar crisis

  • HP's sole mandate shows confidence

    Loans | 26 August 2011

    Hewlett-Packard’s US$10bn acquisition of Autonomy is backed by a US$8.3bn 364-day bridge loan, solely underwritten by Barclays Capital. The size and timing of the bold financing highlights the strength of the US investment-grade loan market for the right names, even in volatile markets, and underscores the importance of relationship banking in M&A situations.

  • Johnson and Johnson

    J&J sets new pricing low

    Top News | 26 August 2011

    Triple A rated Johnson & Johnson is one of a dwindling band of premier US borrowers. At a time of heightened market volatility, rising funding costs and widening credit spreads, J&J is bucking the trend by setting a radical pricing benchmark of just 1bp over Libor.

  • T-Mobile

    AT&T facility on the brink

    Top News | 02 September 2011

    The US Department of Justice filed a suit last week blocking AT&T’s combination with T-Mobile USA, putting in doubt the US$20bn bridge loan put in place last April to back the deal and raising the prospect of lost fees for lenders. The DoJ objected on the grounds that the transaction could create a monopoly in the wireless market. AT&T has requested an expedited court hearing in ord

  • Shoppers leave a BJ's store in Virginia

    LBO financing stalls as volatility, backlog weighs

    Ticker | 15 September 2011

    New bank commitments for leveraged buyout (LBO) financing have come to a screeching halt in the US, as banks hold off to see if and where the current US$15bn-$20bn backlog of leveraged loans and high yield bonds get priced.

Show  10 per page20 per page50 per page