NEW YORK (LPC) - Restrictions within the US government's coronavirus aid Main Street Lending Program (MSLP) are staving off borrowers and lenders alike even as new lending activity begins to pick up in the middle market.
LONDON, July 2 (LPC) - Direct lenders are turning on their firepower to provide financing for European companies, taking advantage of market jitters caused by Covid-19 in the leveraged finance market.
NEW YORK, June 16 (LPC) - Film production company New Regency has turned to a private debt lender Carlyle Direct Lending for a US$125m loan, according to a press statement.
NEW YORK, June 15 (LPC) - Venture lending business development companies (BDCs) are becoming increasingly active in the private credit space as the coronavirus pandemic continues to weigh down more traditional sources of lending for small and mid-sized companies.
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.
NEW YORK, May 22 (LPC) - Middle market companies that have exhausted traditional funding sources are increasingly using their assets as collateral to access vital liquidity for their operations.
NEW YORK, April 30 (LPC) - A trickle of deals in middle market sponsored lending is showing early signs of increased pricing and more lender-friendly documentation, reversing a years-long trend that had seen private equity borrowers’ benefit.
NEW YORK, April 16 (LPC) - Business development companies (BDC) feeling the squeeze from the economic shutdown caused by the coronavirus pandemic are likely to pass that pressure onto shareholders over the next two quarters through dividend cuts.
NEW YORK, April 6 (LPC) - Texas businessman Tilman Fertitta is after US$250m from US leveraged loan investors to shore up liquidity at a time when the novel coronavirus has forced the hospitality magnate to cease operations at his casinos and restaurants, according to sources familiar with the transaction.
NEW YORK, March 27 (LPC) - Business development companies (BDCs) are seeking to reassure their investors as they face a one-two punch from the coronavirus pandemic and fears of a deep recession rattle the US.
WASHINGTON/MOSCOW (Reuters) -U.S. President Joe Biden called on Russian President Vladimir Putin on Tuesday to reduce tensions stirred by a Russian military build-up on Ukraine's border and proposed a summit of the estranged leaders to tackle a raft of disputes.