Sunday, 18 February 2018

Michelle Sierra' s stories

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  • 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.

  • 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

  • Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange

    Icahn says he can

    Loans | 21 June 2013

    Activist investor Carl Icahn restated his interest in owning US computer maker Dell last week in an open letter to Dell shareholders and said that the US$5.2bn in financing that he is assembling to back his bid for the company was continuing to move forward as planned.

  • A Dell computer logo is seen on a laptop at Best Buy in Phoenix, Arizona

    Icahn seeks up to US$7bn

    Loans | 24 May 2013

    Activist investor Carl Icahn and Southeastern Asset Management have initiated talks with banks and asset managers to line up commitments for as much as US$7bn in bridge loans to back their leveraged recapitalisation proposal for computer giant

  • Logo of mining company Freeport-McMoRan

    Investment-grade loans see trading pick-up

    Loans | 10 May 2013

    The hunt for yield coupled with a lack of new lending opportunities in the US investment-grade loan market is prompting an upturn in the trading of Term Loan A paper as new bank investors push in to a previously illiquid part of the loan market.

  • Dish

    Barclays steps up for Dish bid

    Top News | 19 April 2013

    Dish Network, the second-largest US satellite TV provider, received a “highly confident” letter from financial adviser Barclays confirming its ability to raise the required financing to back its offer to buy

  • Market cheers Thermo Fisher bridge

    Loans | 19 April 2013

    Healthcare equipment company Thermo Fisher Scientific’s announcement last week that it had trumped private equity bidders to buy rival Life Technologies for US$13.6bn brings the first big high-grade M&A loan of the year and the biggest US bridge loan so far to the market. 

  • An exhibitor arranges Bacardi rum bottles during the TFWA (Tax Free World Association) exhibition in Cannes, southeastern France

    Bacardi moves to US pricing model

    Loans | 12 April 2013

    Global drinks company Bacardi International is shifting to a US pricing model as it looks to refinance an existing US$1bn revolver, allowing the company to pay lower initial interest rates.

  • Icahn

    Banks back rival Dell bids

    Top News | 28 March 2013

    Blackstone Group has received a “highly confident” letter from Morgan Stanley to provide debt financing to back its US$14.25-per-share bid for computer maker Dell

  • Heinz

    Heinz leaves a bitter taste for Europeans

    Top News | 22 March 2013

    HJ Heinz has scrapped euro and sterling-denominated loans on its buyout financing in favour of a simpler all-US dollar deal after strong demand from US investors, disappointing many European bankers and investors who were equally keen to lend to the global brand.