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Monday, 18 December 2017

Michelle Sierra' s stories

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  • Petsmart store

    PetSmart lines up US$6.95bn of debt to back buyout

    Capital City | 16 December 2014

    (Reuters) - Citigroup, Nomura, Jefferies, Barclays and Deutsche Bank have committed to provide US$6.95bn of debt to finance the US$8.7bn purchase of PetSmart Inc, the largest leveraged buyout of 2014. The pet store announced Sunday that it had agreed to be purchased by a private equity consortium led by BC Partners.

  • Petsmart store

    Banks shy away from PetSmart financing

    Loans | 12 December 2014

    Several banks have backed away from providing debt financing to private equity groups looking to buy pet retailer PetSmart on concerns the deal will not pass muster with US regulators, which are cracking down on risky deals.

  • Driven by events

    Loan House: Citigroup

    All Special Reports | 12 December 2014

    For a truly global focus far beyond its North American roots, including an enviable international network that left the bank well-positioned for the long-awaited return of cross-border M&A, Citigroup is IFR’s Loan House of the Year.

  • Seeking Alpha

    Americas Loan House: Morgan Stanley

    All Special Reports | 12 December 2014

    In the year that M&A finally returned, it is perhaps not surprising that an M&A specialist stood out, but to do so under intense regulatory scrutiny was even more impressive. For providing bespoke financings, M&A expertise and consistently generating returns for investors, Morgan Stanley is IFR’s Americas Loan House of the Year.

  • North America Loan: Tyson Foods’ US$8.2bn acquisition loan

    All Special Reports | 12 December 2014

    Tyson Foods emerged victorious in an intense battle to acquire Hillshire Brands, and its triumph over rival bidder Pilgrim’s Pride owed a lot to the influence of its acquisition financing.

  • Going the whole hog

    Americas Financing Package, US Loan and US Structured Equity Issue: Tyson Foods' US$9.2bn acquisition financing

    All Special Reports | 12 December 2014

    Tyson Foods pulled out all the stops in its pursuit of Hillshire Brands, eventually carrying the day with a US$8.55bn offer, but the battle was a genuine food fight. The series of transactions that made the acquisition possible become IFR’s Americas Financing Package, US Loan and US Structured Equity Issue of the Year.

  • Seeking Alpha

    US Loan House: Morgan Stanley

    All Special Reports | 12 December 2014

    In the year that M&A finally returned, it is perhaps not surprising that an M&A specialist stood out, but to do so under intense regulatory scrutiny was even more impressive. For providing bespoke financings, M&A expertise and consistently generating returns for investors, Morgan Stanley is IFR’s US Loan House of the Year.

  • Petsmart store

    All eyes on PetSmart's buyout financing

    Top News | 05 December 2014

    Bankers are watching an auction for pet supply retailer PetSmart like hawks after a heated meeting with regulators about the implementation of leveraged lending guidelines raised questions about whether the deal will be derailed by an absence of financing.

  • Petsmart store

    All eyes on PetSmart's buyout financing as regulators circle

    Capital City | 04 December 2014

    Bankers are watching an auction for pet supply retailer PetSmart like hawks after a heated meeting with regulators about the implementation of leveraged lending guidelines raised questions about whether the deal will be derailed by an absence of financing.

  • A Fat Face store

    Lenders feel the pinch

    Loans | 31 October 2014

    Recent market volatility has created casualties among a raft of riskier US and European leveraged loans that were trapped in a market correction as investors demanded higher returns.