Edition:
United States

David Brooke

Rapid rise of direct lending pushes firms to split risk

May 15 2019

NEW YORK, May 15 (LPC) - Direct lending funds, which are providing capital to middle market companies in increasing amounts, are turning to fellow funds to reduce credit exposure.

UPDATE 1-Shrinking lender protections frustrate loan buyers

Apr 24 2019

NEW YORK, April 24 (LPC) - The imbedded risk of US leveraged loan packages with reduced lender protections is not reflecting on the trading values, to the dismay of investors who want to see a greater premium for the heightened risk exposure.

Shrinking lender protections frustrate loan buyers

Apr 24 2019

NEW YORK, April 24 (LPC) - The imbedded risk of US leveraged loan packages with reduced lender protections is not reflecting on the trading values, to the dismay of investors who want to see a greater premium for the heightened risk exposure.

Indivior’s loans take hit following fraud claims

Apr 11 2019

NEW YORK, April 11 (LPC) - Pharmaceutical company Indivior’s loan dropped in secondary trading following criminal charges relating to its Suboxone drug.

Multi-level marketers squeezed in the loan market

Apr 10 2019

NEW YORK, April 10 (LPC) - Loans for multi-level marketing (MLM) companies dropped in the secondary market amid growing concerns among investors about the business model during a period of record employment in the US and increasing scrutiny on workplace practices.

Fed’s dovish turn sends ripples through US leveraged loan demand

Apr 02 2019

NEW YORK, April 2 (LPC) - The US Federal Reserve’s decision to hold off on any further interest rate rises for the remainder of the year has sent retail investors fleeing leveraged loans, which are attractive in a rising rate environment because of their floating-rate coupons.

Investors look to ratings agencies to punish aggressive loan docs

Jan 28 2019

LONDON (LPC) - Investors are calling on ratings agencies to downgrade leveraged loans with overly aggressive documentation, as weak lender protection continues to cause concern.

Carney raises pressure on leveraged loans

Jan 21 2019

LONDON, Jan 21 (LPC) - The chorus of warnings about leveraged loans as a potential threat to financial stability grew louder after the Bank of England expressed concern again that the market might be heading for trouble.

REFILE-EMEA lending rises to US$1.05trn in 2018

Jan 03 2019

LONDON, Jan 3 (LPC) - Syndicated lending in Europe, the Middle East and Africa in 2018 broke the trillion dollar mark for the first time in three years as volume rose 17.4% to US$1.05trn due to increased refinancing activity and stable levels of M&A financing, according to LPC data.

Brexit withdrawal symptoms cut into sterling loan demand

Dec 06 2018

LONDON, Dec 6 (LPC) - UK cinema chain Vue scrapped a £833m-equivalent loans last Thursday as Brexit jitters impacted the European leveraged finance market just days before lawmakers are set to vote on Theresa May’s Brexit deal.

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