Wednesday, 25 April 2018

Michelle Sierra' s stories

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  • 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.

  • Verizon

    Verizon to roadshow jumbo bond issue next week

    Capital City | 03 September 2013

    Verizon Communications could steal the record from Apple for the biggest bond issue ever to hit the global markets in coming weeks, as it begins the process of raising US$50bn of bonds to pay for part of the US$130bn price take on the 45% stake in Verizon Wireless that it is buying from Vodafone.

  • Cooper Tire & Rubber Co. apollo

    Apollo's Cooper buy threatened

    Top News | 30 August 2013

    The recent emerging markets sell-off, the plunging value of the Indian rupee and an ongoing strike at one of Cooper Tire & Rubber Co’s Chinese factories are threatening to derail the company’s acquisition by India’s Apollo Tyres – and the associated US$2.5bn debt financing package.


    Amgen takes US$8.1bn for Onyx buy

    Top News | 30 August 2013

    Amgen, the world’s largest biotechnology company, launched an unusual US$5bn bridge loan last Thursday as part of an US$8.1bn financing package backing its US$10.4bn acquisition of cancer-drug maker