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Monday, 23 April 2018

Michelle Sierra' s stories

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  • 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.

  • 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.