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Latest News

Deutsche Talks Price on AlixPartners Loans

– Standard & Poor’s has downgraded the consulting firm to B+ from BB citing the additional leverage and financial risk it taking on via its recapitalization...

Berkshire Hathaway Lends Media General $445M

– The eight-year loan will be used to pay off existing bank debt, avoiding a possibly payment default, but it doesn't come cheap...

Frontier Plans $500M HY Deal

– The Stamford, Conn.-based data services company is driving by to back a tender offer. It has more than $8 billion in long-term debt...

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Featured Articles

LBO, M&A Loan Volumes Climbing

– It’s early, but institutional loan investors are beginning to see M&A and LBO-related deal prospectuses landing on their desks with increasing frequency...

Inmet Hopes to Mine HY for Copper

– Yield-hungry investors may view the high yield bond market as a gold mine, but Inmet Mining is seeking another kind of pay dirt—copper. The Toronto-based metal mining company is selling $1 billion in bonds to finance work on a developing mine...

NXT Capital Plans More CLOs

– Collateralized loan obligations are gaining new life as a way for middle market lenders as a form of financing loans on their books...

Arch Coal Mines Loan Market for $1B

– The company's earnings have taken a hit from declining production that triggered credit rating downgrades by both Moody’s Investors Service and Standard & Poor’s...

CWT Travels to Europe for HY

– Europe may not be the easiest place to raise money these days, but Carlson Wagonlit is on the market with an offering of $850 million in senior secured notes on at least two continents...

Cov-Lite Loans Stage a Comeback

– Driven by investor demand, the current spate of covenant-lite loans illustrates the broad array of issuers able to come to market with a cov-lite deal today, though some pay significantly more than others...

Ford Upgrade Bodes Well for Autos

– Ford’s Motor Co.’s return to investment grade status is a milestone for the auto industry, even if it has emerged from the credit crisis and recession in much better shape than its peers...

The Buzz on Trade Finance CLOs

– Regulations are making bonds backed by letters of credit and other kinds of trade finance more attractive, but recent chatter surrounding the market’s potential appears to be overhyped....

ACCO Taps Bond Market for Complex Buy

– A $1.1 billion deal to acquire the consumer and office products unit of MeadWestvaco is structured as a three-part transaction known as a "Reverse Morris Trust," which allows the seller to avoid paying taxes...

Ineos Pays Up for Cov-Lite Loan

– The Swiss chemical company wants to refinance bank debt in order to avoid restrictive covenants, but it's going to be costly...

Not Packing: Revolvers in Short Supply

– Activity was at its lowest quarterly level in the first quarter in two years: Globally, 991 facilities were completed for a total of $342 billion, according to Dealogic...

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LFN People Database

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Neil Rudd

Chief Financial Officer, Chief Administrative Officer

Firm: NXT Capital

In the news: NXT Capital Plans More CLOs

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