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Sunday, 22 October 2017

Michelle Sierra' s stories

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  • Tyson Foods meat products

    Tyson ups bridge after Hillshire triumph

    Loans | 13 June 2014

    Tyson Foods has increased its acquisition bridge loan to US$8.2bn from US$6.75bn after winning a bidding war to buy Hillshire Brands.

  • Hillshire Brands

    Hillshire scrap heats up

    Loans | 06 June 2014

    The bidding war for Hillshire Brands, maker of Jimmy Dean sausages, has escalated, with the bidders looking to firm up their financial packages.

  • FDIC

    Banks face fines for LBO loans

    Top News | 06 June 2014

    Wall Street banks are bracing themselves for a clampdown and even fines if regulators determine that they have violated guidelines aimed at stamping out reckless underwriting on leveraged buyout debt.

  • Gavel

    Banks face US fines over LBO loans

    Capital City | 05 June 2014

    Wall Street banks are bracing for a clampdown and even fines if regulators determine they have violated guidelines aimed at stamping out reckless underwriting on leveraged buyout debt.

  • Eagle Fed

    Regulatory worries hit lev loans

    Top News | 30 May 2014

    Three long-time banks for private equity firm KKR have snubbed a request for a US$725m buyout loan as a result of concerns that it is too risky to pass muster with US regulators, people familiar with the situation said.

  • Tyson Hillshire brands

    Lenders braced for food fight

    Top News | 30 May 2014

    Wall Street firms are joining the sizzling four-party food fight involving Hillshire Brands, Pilgrim’s Pride, Pinnacle Foods and Tyson Foods. Morgan Stanley, JP Morgan and Goldman Sachs are separately ready to serve committed financing to the winner.

  • Market welcomes another mega bridge loan

    Loans | 09 May 2014

    Nuclear power producer Exelon Corp has launched a US$7.221bn fully committed unsecured bridge loan to back its US$6.83bn purchase of Pepco Holdings, which willl create the biggest electric and gas utility in the Mid-Atlantic states.

  • Antony Jenkins, group chief executive of Barclays PLC

    Barclays fights to hold business as Lehman bankers flee

    People & Markets | 09 May 2014

    Barclays is hoping the forest fire burning through the executive suite in its US business will clear the way for new talent to step up in a very different environment.

  • blackstone cerberus

    Out of the Gates

    Top News | 11 April 2014

    Private equity firm Blackstone is set to launch a US$4.2bn financing to back its US$5.4bn acquisition of auto parts maker Gates Global. The deal is the second-largest US leveraged buyout financing of the year, according to Thomson Reuters data, and is also the largest private equity buyout of an industrial company in more than four years.

  • Avago Technologies' logo

    Avago's US$5.1bn acquisition loan cheers market

    Loans | 04 April 2014

    Hungry for paper, loans investors last week welcomed a US$5.1bn financing backing Avago Technologies’ US$6.6bn acquisition of LSI Corp. The added debt, however, resulted in a ratings downgrade for the borrower, formerly an investment-grade name, into the junk territory.