Edition:
United States

Leela Parker Deo

SEC proposal pushes managers to disclose more information

Apr 17 2019

NEW YORK, April 17 (LPC) - A new regulatory proposal would force managers of closed-end funds to disclose more information including factors affecting performance as well as investment strategies, a requirement previously reserved for other types of investments.

BDC leverage differentiation is focus in 2019 – Fitch

Apr 15 2019

NEW YORK, April 15 (LPC) - Fitch Ratings in an industry update for Business Development Companies (BDCs) said it is focused on leverage differentiation among funds looking to employ greater leverage following the passage the Small Business Credit Availability Act in 2018, amid continued competitive challenges.

ESG principles prompt lenders to pass on NSO Group loan

Apr 11 2019

NEW YORK, April 11 (LPC) - Investors’ response to a US$500m equivalent leveraged loan for Israeli cyber surveillance firm NSO Group highlights the increasing extent to which environmental, social and governance (ESG) principles are guiding banks’ and investors’ lending decisions as they start to calculate the ethical impact of investing.

BDCs rebound in 2019 after year-end slump

Mar 22 2019

NEW YORK, March 22 (LPC) - Business Development Company (BDC) share prices are rebounding after hitting a near three-year low in December and are outperforming the S&P/LSTA leveraged loan index as well as the S&P 500.

Strategic acquisitions provide growth opportunities in slowing economy

Mar 05 2019

New York, March 5 (LPC) - A slowing economy in the US combined with still steep price tags on target companies has private equity buyers focused on making strategic add-on acquisitions to existing middle market portfolio companies as a pathway to growth, bankers say.

Regional lenders BB&T, SunTrust combine to scale up

Feb 07 2019

NEW YORK (LPC) - The combination of two Southeast regional banking giants BB&T Corp and SunTrust Banks Inc, in a deal valued at $66 billion , positions the combined company to compete with rival lenders on a national scale.

Mid-market M&A outlook strong, but slowdown looms: Citizens survey

Jan 29 2019

NEW YORK (LPC) - A favorable economic backdrop is expected to keep merger and acquisition (M&A) activity strong in 2019 for US mid-sized companies, but both buyers and sellers are factoring in a slowdown on the horizon, according to Citizens Commercial Banking’s annual survey.

US middle market investors look to senior direct lending funds

Jan 25 2019

NEW YORK, Jan 25 (LPC) - Middle market direct lending funds focusing on senior US leveraged loans are seeing a pickup in demand as investors seek protection in less risky debt in the late stages of the credit cycle, market participants said.

US mid-market to stay competitive after Labor Day

Aug 24 2018

NEW YORK, Aug 24 (LPC) - The competitive dynamics that have defined US middle market lending in 2018 so far are expected to persist after Labor Day, as the market gears up and lenders and investors battle to win mandates and hold onto existing portfolio assets.

U.S. middle market direct lending strategies still raking in capital

Aug 09 2018

Investors continue to inject capital into US middle market direct lending strategies at a pace that could result in 2018 fundraising surpassing the record tallies seen in 2016 and 2017.

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