NEW YORK, Oct 9 (LPC) - Plastics maker Berry Global is
looking to take advantage of white-hot demand for better-rated
leveraged loans and reduce pricing on approximately US$2.03bn in
debt as global volatility rippling through the market is causing
investors to seek safety in higher-quality assets.
LONDON, Oct 3 (LPC) - Irish software firm ION Corporates
finalised the terms of a dual-currency, US$1.75bn-equivalent
term loan financing via Credit Suisse, bringing an end to a saga
that saw the original deal brought via house bank UBS pulled in
May having met opposition from loan investors.
NEW YORK, Oct 1 (LPC) - Jefferies, a long-standing lender to
Tilman Fertitta’s Landry’s Inc, has committed US$300m in debt
financing to fund the restaurateur's acquisition of Del
Frisco’s’ steakhouse business from private equity firm L
Catterton, three sources familiar with the transaction said.
NEW YORK, Sept 24 (LPC) - UK telecommunications and
satellite operator Inmarsat on Monday revised its US$1.75bn
leveraged loan as investors, wary of a cooling economy, raised
concerns about the company's leverage, limited cash flow and
increased competition in the telecommunications and satellite
operations industry, sources familiar with the transaction told
NEW YORK, Sept 20 (LPC) - Borrowers in the US leveraged loan
market are offering higher yields in September to compensate an
investor base wary of a cooling economy and slowdown in global
NEW YORK, Sept 16 (LPC) - Wells Fargo has hired Thomas Tuffy
Joao, a spokesperson from the US bank confirmed.
NEW YORK, Sept 16 (LPC) - Japanese bank Mizuho has hired
Juan Felipe Pinto, a source familiar with the matter said.
NEW YORK, Sept 10 (LPC) - Mixed martial arts (MMA) promotion
company Ultimate Fighting Championship (UFC) has launched a new
US$465m leveraged loan, as the franchise benefits from an
improved media rights agreement with pay TV sports channel ESPN
that secures greater revenue, people familiar with the matter
Loans backing US leveraged buyouts (LBOs), including a
US$500m term loan for the Carlyle Group’s acquisition of ship
repair services company Vigor Industrial and a US$755m
first-lien loan supporting Thoma Bravo’s purchase of data
provider J.D. Power Associates, are expected to garner demand
throughout September, among other debt financings. But this
year’s post-Labor Day pipeline is unlikely to stir the market in
the same way as last September's jumbo-sized LBOs.
NEW YORK, Aug 28 (LPC) - Physician outsourcing
provider Envision Healthcare has seen the value of its US$5.45bn
term loan B sink throughout August as weak earnings and
political uncertainty around the US healthcare sector weigh on
investor appetite, investors and analysts told Refinitiv LPC.