Monday, 20 August 2018

Michelle Sierra' s stories

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  • 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.

  • Actavis

    Actavis's US$7bn deal a tonic for lenders

    Top News | 21 February 2014

    US bankers starved of opportunities to lend to America’s top companies are welcoming a US$7bn financing package backing generic drugmaker Actavis’s acquisition of Forest Laboratories.

  • Logo of The Jones Group

    Sycamore levers up apparel brands

    Loans | 14 February 2014

    Private equity firm Sycamore Partners, in conjunction with its takeover of The Jones Group, is preparing for the potential sale of some of the apparel company’s brands by splitting up divisions and raising debt at those segments.

  • The Chrysler logo is shown on a Chrysler 200

    Chrysler seeks US$4.7bn refinancing

    Top News | 31 January 2014

    Chrysler Group has launched syndication of a US$2bn term loan that forms part of a bigger US$4.7bn refinancing, following the completion of Italian vehicle-maker Fiat’s acquisition of the US auto manufacturer.