United States

Jonathan Schwarzberg

Euros trade better than dollars as US market tumbles

Dec 05 2018

NEW YORK, Dec 5 (LPC) - Euro-denominated loans are trading better on recent cross-border deals from issuers such as Refinitiv, the former Financial & Risk unit of Thomson Reuters, and Akzo Nobel’s chemical unit, in the midst of turbulent market conditions in the US.

U.S. loans struggle to clear volatile primary market

Nov 29 2018

NEW YORK (LPC) - Some US leveraged loans are struggling to clear the market after volatility in global equities pulled secondary loan prices lower and prompted a correction that has stranded opportunistic deals in the primary market as sentiment turned.  

Equity volatility hits US leveraged loans

Nov 23 2018

NEW YORK, Nov 23 (LPC) - Volatility in the equity and bond markets has pushed US secondary loan prices to levels not seen since 2016 and is putting pressure on deals in the market as investors demand better terms.

Apollo extends olive branch to investors on LifePoint loan

Nov 16 2018

NEW YORK, Nov 16 (LPC) - US investors are taking advantage of volatility in the equity and fixed income markets to extract pricing concessions and document changes on some recent buyout loans, including a US$4.975bn financing backing Apollo Global Management’s US$5.6bn acquisition of hospital company LifePoint.

US loan market readies 2019’s first jumbo buyout loan

Nov 15 2018

NEW YORK, Nov 15 (LPC) - The US leveraged loan market is looking forward to its first jumbo buyout loan of 2019 after the US$13.2bn acquisition of Johnson Controls International Plc’s power solutions business by private equity firm Brookfield Business Partners.

Space oddity stirs loan demand

Nov 09 2018

NEW YORK, Nov 9 (LPC) - Billionaire Elon Musk's rocket and spacecraft company SpaceX is testing lenders' risk appetite as it seeks to raise a US$750m term loan that will give the company additional balance sheet cash.

SpaceX circulates price guidance on $750 million term loan

Nov 07 2018

NEW YORK (LPC) - Elon Musk’s rocket and spacecraft company SpaceX on Wednesday circulated pricing on a proposed $750 million term loan that will put cash on the company’s balance sheet, two sources said.

SpaceX seeks $750 million leveraged loan

Nov 06 2018

NEW YORK (LPC) - Elon Musk's Space Exploration Technologies Corp, known as SpaceX, is looking to line up a $750 million leveraged loan, sources said.

Banks pass on marijuana loans, for now

Nov 02 2018

NEW YORK, Nov 2 (LPC) - Wall Street is warming up to the idea of financing marijuana producers as the sector blossoms, but concerns with regulation and reputational damage could stop banks from lending in the short term.

CORRECTED-Leverage rising on US buyout loans after regulation relaxed

Oct 19 2018

NEW YORK, Oct 19 (LPC) - Leverage ratios on private equity-backed deals are rising again as banks compete more aggressively for lucrative private equity loans after regulators relaxed leveraged lending guidelines earlier this year.

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