NEW YORK, Dec 7 (IFR/LPC) - Industrial giant General
Electric faces a challenging 2019 as it looks to sell assets to
reduce its massive debt load and salvage its investment-grade
NEW YORK, Nov 9 (LPC) - The US syndicated loan market is
optimistic that it can maintain its record-breaking pace of
lending despite looming political deadlock in Washington after
the Democrats regained control of the House of Representatives
and Republicans held the Senate in the November 6 midterm
NEW YORK (LPC) - IBM Corp’s $20 billion loan supporting the information technology company’s purchase of US software company Red Hat Inc is one of the largest ever bridge loans for a US investment grade company and banks are keen to lend after several quiet months for big mergers and acquisitions.
NEW YORK (LPC) - US blue chip companies that have been racking up record debt to fund strategic acquisitions and share buybacks could face higher borrowing costs as they are vulnerable to being downgraded to junk status in the next economic slump.
NEW YORK, Oct 18 (LPC) - US blue chip companies that have
been racking up record debt to fund strategic acquisitions and
share buybacks could face higher borrowing costs as they are
vulnerable to being downgraded to junk status in the next
NEW YORK (LPC) - Bank fees earned from arranging US syndicated loans fell in the third quarter amid a summer lull as bankers awaited the US$13.5bn financing backing Blackstone’s US$20bn buyout of Refinitiv, the biggest buyout deal to test the markets since the financial crisis.
NEW YORK, Sept 28 (LPC) - US syndicated lending is breaking
records so far this year, even after a summer lull, as the
voracious appetite by banks and investors to put money to work
resumed after Labor Day.
NEW YORK (LPC) - Bank lending to high-quality US companies to fund acquisitions has slowed due to concern over government policies amid the summer doldrums, but is expected to pick up after the Labor Day holiday, bankers said.
NEW YORK (LPC) - Bank lending for US mergers and acquisitions of high-grade companies will scale new heights this year, as the voracious appetite for mega-deals persists even while credit markets turn choppy and recession talk surfaces, bankers and strategists said.
NEW YORK (LPC) - Corporate credit spreads are seen widening and defaults likely will escalate as interest rates climb and global trade wars loom, according to a quarterly survey by the International Association of Credit Portfolio Managers.