NEW YORK, Nov 2 (LPC) - US bank loan funds had the biggest
weekly outflows in three years as October’s bruising equity
market selloff cooled investors’ appetite for risk assets.
NEW YORK (LPC) - Leveraged loans are standing out as the best-performing asset class in an otherwise brutal October as rising volatility in global equities has rippled across the capital markets.
NEW YORK, Sept 20 (LPC) - The US$6.44bn in term loans
backing Carlyle Group and Singaporean wealth fund GIC’s
acquisition of Akzo Nobel’s chemicals business allocated and
broke for trading on Thursday.
NEW YORK, Sept 18 (LPC) - The US$9.25bn in term loans
backing private equity firm Blackstone Group’s purchase of a 55%
stake in Refinitiv, Thomson Reuters’ Financial and Risk (F&R)
division, allocated and broke for trading on Tuesday.
NEW YORK (LPC) - Formerly distressed US storage and organization products retailer The Container Store has returned to the US leveraged loan market to reprice and extend a term loan, in a rare turnaround story as the retail sector remains under pressure.
NEW YORK, Aug 31 (LPC) - The US leveraged loan market is
expected to take the lion’s share of the jumbo debt financings
that are lining up for a post Labor Day launch, as investors
continue to favor higher-yielding loans over junk bonds.
NEW YORK (LPC) - Overwhelming demand for floating-rate leveraged loans has eroded credit quality and will lead to more defaults and lower recovery rates in an economic downturn, according to ratings agency Moody’s.
NEW YORK(LPC) - At least three US companies including warehouse retail store BJ’s Wholesale Club are seeking to cut borrowing costs on existing term loans after a surge in new money issuance this year put a brake on opportunistic repricing and refinancing transactions in July.
NEW YORK(LPC) - US credit investors are ramping up their risk by venturing down the capital structure to second-lien loans, which offer higher yields but lower recovery rates.
NEW YORK (LPC) - The U.S. leveraged loan market appeared to shrug off protests at the center of a national immigration debate that saw illegal immigrants separated from their children as advocates take aim at banks financing companies that run detention centers.