Edition:
United States

Aaron Weinman

Latin American borrowers dial up sustainability efforts

Oct 14 2020

NEW YORK (LPC) - Latin America’s largest corporate borrowers are doubling down on their commitment to sustainable finance, tying new bank loans to key performance indicators that ensure companies adhere to more transparent environmental, social and governance (ESG) metrics.

KKR-backed Epicor revives dividend deals ahead of a potential sale

Jul 16 2020

NEW YORK (LPC) - Epicor Software Corp has awakened a sleepy dividend recapitalization market, unveiling the first such deal in almost five months as its private equity owner KKR prepares to cash out from the investment, two sources familiar with the proceedings said.

Georgia power operator fires up inaugural US institutional green loan

Jul 09 2020

NEW YORK, July 9 (LPC) - Georgia Renewable Power closed the first green loan in the US institutional leveraged loan market last month, giving investors a rare chance to diversify their portfolios while meeting environmental goals.

AVI-SPL's US$370m loan finalized with steepest discount in four years

Jul 02 2020

NEW YORK, July 2 (LPC) - AVI-SPL needed two tries and the steepest discount in four years to syndicate a US$370m leveraged loan to an investor base concerned about the health of an audiovisual company reliant on businesses shut out of buildings amid the coronavirus.

U.S. loan issuance plummets in second quarter as market takes stock of new normal

Jul 01 2020

NEW YORK (LPC) - Issuance across the U.S. syndicated loan market plummeted in the second quarter as the asset class navigated a slow recovery from the novel coronavirus that left borrowers scrambling for cash to keep their businesses alive while economies around the world gradually reopen.

UPDATE 1-Airlines peddle pricey deals to stay in business

Jun 24 2020

NEW YORK, June 24 (LPC) - Airlines in the United States are seeking funds to buttress operations after travel plummeted amid the coronavirus pandemic, offering investors favorable yields and valuable protections as they seek to shore up operations.

Airlines peddle pricey deals to stay in business

Jun 24 2020

NEW YORK, June 24 (LPC) - Airlines in the United States are seeking funds to buttress operations after travel plummeted amid the coronavirus pandemic, offering investors favorable yields and valuable protections as they seek to shore up operations.

Development banks double down on Latin America as bank loans slump

Jun 18 2020

NEW YORK, June 18 (LPC) - Global development banks are mobilizing billions of US dollars in capital to fund initiatives in Latin America as commercial bank lending slumps throughout the region, which is grappling with a spike in coronavirus cases and a severe dip in projected economic performance.

Pathway finds ally in Ares for US$1.28bn debt deal

Jun 15 2020

NEW YORK, June 15 (LPC) - Veterinary services provider Pathway Vet Alliance has turned to the private debt market to place a US$255m second-lien loan that would have made a larger debt package a harder sell among investors.

US borrowers shun leveraged loan market as demand wanes

Jun 04 2020

NEW YORK, June 4 (LPC) - Borrowers that have historically turned to the US leveraged loan market are instead looking to high-yield bonds to refinance existing loans as bank debt becomes more costly and hard to access while demand for the asset class drops.

World News

U.S. urges diplomacy as Nagorno-Karabakh fighting rages

U.S. Secretary of State Mike Pompeo urged Armenia and Azerbaijan to pursue a diplomatic solution to the Nagorno-Karabakh conflict as fighting in and around the mountain enclave entered a second month on Tuesday, defying a ceasefire brokered in Washington.