NEW YORK, July 18 (LPC) - Market-based pricing is
disappearing in US investment grade lending as Credit Default
Swaps (CDS) become a less relevant measurement of risk, and
lenders feel less need to buy protection against the loans as
top companies continue to perform in a stable economy.
NEW YORK, June 27 (LPC) - A US$38bn bridge loan backing US
biopharmaceutical company AbbVie’s US$63bn bid for Botox-maker
Allergan, and the additional bank business the merger will
generate, is expected to be welcomed with open arms by a robust
US loan market starved of new lending opportunities.
NEW YORK, June 25 (LPC) - Packaging company Sealed Air is
wrapping up a US$475m term loan A (TLA) that has challenged
banks' return models and pushed the limits on their appetite for
NEW YORK, June 7 (LPC) - Money transfer company MoneyGram
International Inc is struggling to finalize a US$663m loan as
its financial performance wilts under fierce competition
following a US$125m US government fine last November for poor
money-laundering controls, sources said.
NEW YORK, May 20 (LPC) - Mexico’s América Móvil is scouting
lenders to refinance at least US$2.5bn in revolving credit
facilities maturing this August, according to three banking
sources, preparing a comeback to the Latin American bank market,
where it has not issued debt since 2016.
NEW YORK, May 15 (LPC) - Petróleos Mexicanos’ (Pemex) US$8bn
bank loan comes amid heavy investor uncertainty over the oil
company’s debt load, but lenders wanting to maintain links with
Pemex and the left-wing administration overseeing the firm may
have little choice but to commit to the financing.
NEW YORK, May 8 (LPC) - Occidental Petroleum Corp looks to
be winning its tug-of-war with Chevron Corp to acquire Anadarko
Petroleum Corp, in a turn of events cheered by bankers seeing
the prospect of more loan and debt financing tied to the
Occidental bid than Chevron’s.
NEW YORK, March 28 (LPC) - Venezuela-owned oil refiner Citgo
mandated broker dealer and non-bank lender Jefferies to arrange
a US$1.2bn term loan, after its previous traditional bank
lenders declined to participate due to regulatory pressure to
comply with political restrictions on doing business with its
South American parent, sources familiar with the transaction
NEW YORK, Nov 14 (LPC) - Latin American companies are
commanding more favorable terms on syndicated loans as investor
confidence returns to the region, even for credits that are
perceived as riskier.
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