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Sunday, 22 October 2017

Tessa Walsh' s stories

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  • Fitch Ratings headquarters in New York

    European loan funds growing strongly, says Fitch

    Loans | 21 October 2016

    Europe-domiciled loan funds had €40bn of assets under management at the end of June 2016, and have grown 50%–60% in the past five years as the European investor base continues to transition from banks to funds, according to a report by Fitch Ratings.

  • Memory chips

    Analog survives choppy syndication

    Top News | 23 September 2016

    The slower than expected syndication of a US$7.5bn senior acquisition loan, which is part of a US$11.6bn financing backing Analog Devices’ US$14.8bn acquisition of chipmaker Linear Technology, shows that banks are finding it harder to make returns work on drawn acquisition term loans.

  • A poll worker places a mail-in ballot

    Issuers accelerate borrowing plans

    Loans | 23 September 2016

    The transatlantic loan markets are facing a busy few weeks as companies accelerate borrowing plans to take advantage of strong and liquid loan market conditions before running into any potential volatility around the looming US elections on November 8.

  • Syngenta logo

    ChemChina launches US$12.7bn Syngenta loan

    Loans | 01 April 2016

    China National Chemical Corp is pressing ahead with the next piece of financing backing its SFr43bn (US$43.45bn) acquisition of Swiss seeds and pesticides company

  • Syngenta logo

    Switzerland: Market backs US$20bn Syngenta loan

    Loans | 24 March 2016

    The US$20.2bn non-recourse bridge loan backing China National Chemical Corp’s SFr43bn (US$43.45bn) acquisition of Swiss seeds and pesticides company Syngenta received a strong response from the market before its deadline on March 24.

  • ​Dell banks near pro rata loan target

    Loans | 26 February 2016

    Banks are close to shedding a large portion of their US$10bn loan exposure to computer giant Dell, having lined up investors for more than US$7bn of the debt, two senior bankers said.

  • Amec Foster Wheeler coin

    Amec pays high price to refinance bridge

    Top News | 12 February 2016

    UK engineering and construction company Amec Foster Wheeler is trying to close an expensive £1.7bn syndicated loan that refinances existing loans after proving unable to tap the bond market.

  • LeasePlan logo

    Mark-to-market rules for stuck loans add to bank woes

    Top News | 12 February 2016

    Banks are facing up to the prospect that new post-crisis rules will force them to set aside more capital to cover their growing backlog of stuck loans, even as persistently low rates squeeze net interest margins and keep earnings growth in check.

  • AB InBev logo

    AB InBev cancels US$42.5bn of loans

    Loans | 29 January 2016

    AB InBev cancelled US$42.5bn of a record US$75bn senior acquisition loan after raising a hugely successful bond which was used to repay part of the loan.

  • Veritas logo

    Veritas buyout debt still faces tough sell

    Top News | 22 January 2016

    A US$600m price cut for Symantec’s data storage unit Veritas to US$7.4bn will help banks trying to sell the buyout debt, but difficult conditions in the leveraged finance market could still make the deal an uphill struggle.