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Friday, 20 July 2018

Michelle Sierra' s stories

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  • Gross

    Gross exit: confusion, then opportunity

    Top News | 03 October 2014

    As bond traders began what they thought would be a quiet Friday on September 26, a simple headline crossed their screens: “William H Gross joins Janus Capital”.

  • Credit Suisse

    Lenders cowed by Fed rebuke

    Top News | 26 September 2014

    The Federal Reserve’s rebuke to Credit Suisse for failing to adhere to US leveraged lending guidelines is having an industry-wide effect as banks bow to regulatory pressures and pull back from underwriting highly leveraged loans.

  • Time Warner Cable

    Charter weighs up financing options

    Loans | 15 August 2014

    Charter Communications Inc could return to the leveraged loan market as soon as September and may also try to tap the high-yield bond market to raise the remaining US$3.9bn it needs to buy

  • Time Warner Cable

    Charter weighs up options on Time Warner Cable financing

    Capital City | 13 August 2014

    Charter Communications is expected to revisit the leveraged loan market as soon as September, and may also try to sell a high-yield bond, to raise the remaining US$3.9bn it needs to buy Time Warner cable assets.

  • Albertsons

    Albertsons ups yield as loans trade off

    Top News | 08 August 2014

    US supermarket and drugstore conglomerate Albertsons is facing higher borrowing costs as loan pricing moves out amid global volatility, much like many other companies tapping the US leveraged loan market. 

  • Reynolds American's Camel cigarettes are stacked on a shelf inside a tobacco store in New York

    Reynolds secures bridge for Lorillard buy

    Loans | 18 July 2014

    Citigroup and JP Morgan have provided a bridge loan of up to US$9bn to US tobacco holding company Reynolds American to finance its US$27.4bn cash and stock acquisition of Lorillard.

  • A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York

    Sprint readies US$40bn-plus deal

    Top News | 20 June 2014

    Sprint Corp has lined up eight banks to finance its proposed acquisition of T-Mobile US, edging closer to a deal that will merge the third-biggest and fourth-biggest US mobile operators.

  • 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.