Sunday, 21 January 2018

Michelle Sierra' s stories

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  • 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.

  • Logo of software maker Applied Systems

    Risky business

    Loans | 17 January 2014

    Banks are becoming increasingly selective about which highly-leveraged US company loans they are willing to underwrite as they start to heed regulators’ warnings to curb looser lending practices.

  • Charter

    Debt markets braced for Charter test

    Top News | 17 January 2014

    Charter Communications will test the capacity of the high-yield bond and leveraged loan market the way Verizon did in investment-grade if it is successful in its attempted takeover of

  • Bushmaster

    Controversial gun-maker agrees debt deal

    Top News | 13 December 2013

    Some creditors of Freedom Group, maker of the Bushmaster rifle used in the Newtown, Connecticut school massacre, have provided the company with more debt, despite the fact many of its private equity fund investors want out.

  • US Loan House: Bank of America Merrill Lynch

    All Special Reports | 13 December 2013

    Whether it was for capital to back a mammoth acquisition, a refinancing for an old-time client, market knowledge of the buyside or financing advice, Bank of America Merrill Lynch could be relied on in 2013. For its creativity, lending firepower, market clout, depth of wallet and smart transactions, BofA Merrill is IFR’s US Loan House of the Year.

  • US Loan: Verizon’s US$61bn bridge loan

    All Special Reports | 13 December 2013

    When rumours arose of a US$100bn–$130bn transaction backing Verizon Communications’ acquisition of the remaining 45% stake that it did not own in Verizon Wireless from the Vodafone Group, the market wondered if such a thing was possible. Then, on September 2 2013, the talk became a reality that the market will remember for years to come.

  • US Leveraged Loan: Dell’s US$9.1bn LBO

    All Special Reports | 13 December 2013

    In February 2013, lead arrangers Bank of America Merrill Lynch, RBC, Barclays, Credit Suisse and UBS signed a financing package backing the US$25bn buyout of computer maker Dell by founder and CEO Michael Dell and private equity firm Silver Lake Partners.