Saturday, 20 October 2018

Tessa Walsh' s stories

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  • BofAML

    BofA Merrill goes solo on giant bridge

    Top News | 20 June 2014

    US medical device maker Medtronic is raising a US$16.3bn senior unsecured bridge loan to finance its US$42.9bn acquisition of Dublin-based Covidien. The deal has been underwritten by sole initial bookrunner Bank of America Merrill Lynch, making it one of the bank’s biggest loan underwriting commitments ever.

  • A man leaves a Safeway supermarket in Tucson, Arizona

    A sea-change

    Loans | 25 April 2014

    An overhang of US leveraged loans is cooling the red-hot market and allowing increasingly selective investors to save their cash for better-paying M&A deals and demand better terms on aggressively priced and structured transactions.

  • Bank loans

    Loan market woes spark bank rethink

    People & Markets | 21 February 2014

    Lending to SMEs, long regarded as the less glamorous side of the syndicated loan market, could be back in vogue for many European banks struggling to cover their costs on large corporate loans, according to a report by Deutsche Bank.

  • Ineos launches opportunistic repricing

    Loans | 07 February 2014

    Switzerland-based multinational chemical company Ineos launched an opportunistic US$4.1bn loan repricing in the US last week to take advantage of strong financial results and investors’ robust demand for loans. The loan repricing will boost Ineos’s financial flexibility and is also part of a wider refinancing that also includes more than

  • Akbank branch

    EM wobble has limited effect

    Loans | 07 February 2014

    The chill wind blowing through emerging markets has yet to put the brakes on the liquid global loan market. Some country-specific effects are, however, starting to be seen in EMEA and Asia as political crises and currency turmoil take a toll on banks’ appetite to lend.

  • Money for nothing

    Loans | 13 December 2013

    Liquid banks are short of risk assets after a year of underwhelming M&A activity, and under pressure to lend as loans roll off their books. Intense competition is driving a range of unprofitable deals as banks bow to increasingly powerful borrowers’ requests. 

  • World view

    Loan House and Asia-Pacific Loan House: Deutsche Bank

    All Special Reports | 13 December 2013

    For leading complex event-driven deals and driving the development of a truly global credit market by championing the cross-border migration of European and Asian issuers to the US leveraged loan market, Deutsche Bank is IFR’s Loan House and Asia-Pacific Loan House of the Year.

  • A dominant force

    EMEA Loan House: BNP Paribas

    All Special Reports | 13 December 2013

    Borrowers stuck to a regular diet of corporate refinancings, repricings, and amendments and extensions in a frustrating year for loan bankers. Despite that, one bank stood out above the rest. For dominating corporate lending across all sectors, segments and deal sizes, BNP Paribas is IFR’s EMEA Loan House of the Year.

  • Sands

    Las Vegas Sands seeks huge refi

    Top News | 06 December 2013

    Las Vegas Sands, the world’s largest resort developer and operator, and Venetian Macau, its Asian luxury hotel and casino subsidiary, launched a massive combined US$8.45bn refinancing exercise in the US and Asia last week in an effort to take advantage of excess market liquidi

  • Robust market triggers fresh repricing wave

    Loans | 22 November 2013

    Near-ideal borrowing conditions in the aggressive and competitive US leveraged loan market are allowing companies that pulled opportunistic deals amid heightened volatility in the summer to return to the market and successfully slash pricing.