Wednesday, 15 August 2018

Michelle Sierra' s stories

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  • Brave new world

    Americas Financing Package: Verizon

    All Special Reports | 13 December 2013

    Every once in a while, a deal comes along that simply breaks the mould – and redraws the map of what can be done in the global capital markets. The bond and loan package to fund Verizon’s US$130bn acquisition of Vodafone’s stake in Verizon Wireless was a deal like that. For changing the landscape of the possible, it is IFR’s Americas Financing Package of the Year.

  • Class act

    US Debt House: Bank of America Merrill Lynch

    All Special Reports | 13 December 2013

    It’s a rare bank that can manage to come at or near the top of the league tables across multiple asset classes in one year. But Bank of America Merrill Lynch managed that feat in 2013, with a solid but creative performance that means it richly deserves to be named IFR’s US Debt House of the Year.

  • Logo of Devon Energy

    M&A issuers rush to market before year-end

    Loans | 06 December 2013

    US acquisition financing has picked up the pace in recent weeks as companies rush to assemble deals before the end of the year which could bring bankers a festive mix of more than US$30bn of leveraged and investment-grade M&A deals if all come to fruition.

  • Twitter

    Twitter closes in on IPO and related loan

    Top News | 18 October 2013

    Twitter is in the final stages of preparing for its initial public offering. Ahead of the formal launch of marketing, the social networking company is finalising a US$1bn revolving credit facility. The facility is expected to carry low borrowing costs, continuing a strategy used by other highly sought-after tech companies such as Facebook and Zynga.

  • Growing lender competition puts pressure on pricing

    Loans | 04 October 2013

    Increased competition among banks to lend to Latin American companies is limiting profitability for foreign banks in the sector and keeping overall loan pricing low, according to bankers speaking at a Latin America Syndicated Loans Conference in Miami.

  • A Rue21 store

    Banks to take loss on rue21

    Loans | 04 October 2013

    Investor resistance to rue21’s takeover deal forced banks to slash the discount, which in all likelihood will lead to a steep loss to banks on a US$544m loan to the troubled clothing retailer.

  • A Rue21 store

    Rue21 forced to relaunch LBO deal

    Top News | 27 September 2013

    Bank of America Merrill Lynch, JP Morgan and Goldman Sachs have relaunched troubled US teen clothing retailer rue21’s US$944m buyout loans with a deeper discount after investors balked at the original terms.

  • A Rue21 store

    Bankers re-market struggling Rue21 buyout loans – sources

    Capital City | 23 September 2013

    Bank of America Merrill Lynch, JP Morgan and Goldman Sachs are re-marketing a loan backing the US$1.1bn buyout of retailer Rue21 after investors baulked at the terms on the original deal following weak sales at the company, sources said on Monday.

  • Verizon

    Verizon launches US$12bn term loans

    Loans | 13 September 2013

    Verizon Communications has launched the US$12bn term loans (tranche A) backing its US$130bn acquisition of the 45% stake in Verizon Wireless that it does not already own from Vodafone Group.

  • Verizon

    Verizon loan makes history

    Top News | 06 September 2013

    Verizon Communications’ US$61bn bridge loan backing its US$130bn acquisition from Vodafone of the portion of Verizon Wireless that it does not already own is the largest committed financing and the largest bridge loan in history. The acquisition itself is the largest ever.