United States

Aaron Weinman

Berry Global seeks lower rates as investors fly to quality

Oct 09 2019

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.

ION Corporates inks final terms on US$1.75bn dual-currency loan

Oct 03 2019

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.

Jefferies serves up US$300m for Fertitta’s Del Frisco’s buy

Oct 01 2019

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.

Inmarsat tweaks US$1.75bn LBO loan to meet investor demand

Sep 24 2019

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 Refinitiv LPC.

Spreads widen in choppy US leveraged loan market

Sep 20 2019

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 growth.

MOVES-Wells Fargo hires LatAm loan veteran

Sep 16 2019

NEW YORK, Sept 16 (LPC) - Wells Fargo has hired Thomas Tuffy Joao, a spokesperson from the US bank confirmed.

MOVES- Mizuho hires LatAm loan banker

Sep 16 2019

NEW YORK, Sept 16 (LPC) - Japanese bank Mizuho has hired Juan Felipe Pinto, a source familiar with the matter said.

Investors weigh in on UFC’s US$465m return to the ring

Sep 10 2019

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 said.

US loan investors eye quality as pipeline grows

Sep 06 2019

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.

Envision US$5.45bn TLB sinks as US healthcare debate rages

Aug 28 2019

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.

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