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Sunday, 22 October 2017

Michelle Sierra' s stories

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  • 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 INC

    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

  • Vodafone Verizon

    Sooner the better for US$60bn Verizon Wireless acquisition financing

    Top News | 30 August 2013

    The ability of debt markets to absorb as much as US$60bn of acquisition debt from a single company will be put to the test, if Verizon Communications is successful in its talks with

  • Hilton

    Hilton sets US$12bn pre-IPO package

    Top News | 16 August 2013

    Hilton Worldwide is preparing a US$12bn debt package to refinance existing borrowings ahead of an IPO expected in the first half of 2014. The financing package is expected to be launched after the US Labor Day holiday.

  • Icahn seeks Dell meeting after securing US$5.2bn

    Loans | 05 July 2013

    Billionaire investor Carl Icahn asked for a meeting with Dell’s special board committee after lining up US$5.2bn in loan commitments to back up his bid for a leveraged recapitalisation of the personal computer maker.

  • Icahn puts money where his mouth is

    Loans | 28 June 2013

    Ahead of a July 18 shareholder vote that is expected to decide the fate of computer manufacturer Dell, Carl Icahn tapped the market with US$5.2bn in loans slated to back his leveraged recapitalisation plans for the company. The loans, which include creative incentives to attract lenders, suggest the billionaire investor is