NEW YORK (LPC) - Ford Motor Co has obtained commitments from enough relationship banks to extend the maturity of at least 90% of $5.35 billion (4.2 billion pounds) of revolving loans for one year, a source close to the financing said.
NEW YORK, July 7 (LPC) - Ford Motor Co is in discussions
with its lenders to extend maturities on US$5.35bn in existing
credit facilities, two sources familiar with the discussions
NEW YORK, April 28 (LPC) - General Motors Co’s (GM) decision
to refinance short-terms loan maturities only, rather than a
larger US$16.5bn credit facility, shows how much the market for
lending to high-rated companies has changed in just a few weeks
since the coronavirus outbreak took a turn for the worse in the
NEW YORK, April 22 (LPC) - Department store chain Macy’s is
looking to raise up to US$5bn in debt financing, two sources
familiar with the discussions told Refinitiv LPC on Wednesday.
NEW YORK, April 22 (LPC) - A health emergency of
unprecedented proportions has added another layer of complexity
to the US loan market's transition away from a key lending
benchmark used to set interest payments on trillions of dollars
of investments as the deadline to move to a new rate rapidly
NEW YORK (LPC) - General Motors Co (GM) will seek to extend maturities on US$6bn in revolving loans rather than refinance a US$16.5bn credit facility following discussions with its bank group during an unprecedented health crisis in the US.
NEW YORK, April 2 (LPC) - General Electric Co is asking its
lenders to replace US$20bn in revolving loans with a new debt
package that will come with a smaller size and shorter
maturities, sources said.
NEW YORK, April 1 (LPC) - After a robust start, first
quarter activity for US syndicated loans ground to a halt as the
world came to terms with COVID-19, a new and deadly disease that
spooked lenders and rattled markets. Deals were put on hold,
investor meetings canceled, and fundraising schedules postponed
as market participants faced a health crisis of unprecedented
reach and magnitude.
NEW YORK, March 25 (LPC) - General Motors Co (GM) is
managing a delicate balancing act as it readies to draw down
US$16bn in loans while refinancing debt of similar size, facing
a longer than expected shutdown of its plants and considerable
NEW YORK, March 12 (LPC) - US companies including Hilton
Worldwide and Wynn Resorts have begun tapping their credit lines
to shore up liquidity amid growing market uncertainty triggered
by the coronavirus outbreak.