Latest News

CS and GE Capital Launch Applica Pet Loan

July 2, 2008 – The bank meeting to launch the $325 billion Applica Pet Products credit facility went on Tuesday, despite setbacks with the M&A deal. Credit Suisse and GE Capital Markets are marketing a $300 million first-lien term loan B and a $25 million revolver...

Barclays To Launch Bonds For North American Energy Alliance

June 26, 2008 – Barclays in two weeks will issue $325 million in senior secured notes due 2016 for North American Energy Alliance, a source close to the deal said...

RBC Snags Two More From Citi

June 24, 2008 – RBC Capital Markets has brought on two long-time Citigroup chiefs: Paul Zingarini joins as managing director and head of secondary loan trading and Richard Rothschild joins as a managing director within the firm’s global syndicated finance sales group, the bank said today.

• BMO Investments Kicks Off High Yield Fund
• Ex-Citi Bond Chiefs To Start Hedge Fund
• Banks Launch $650M TLB For CSC Holdings

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Reliance Could Issue Up To $750M In Debt

June 30, 2008 – As a result of its acquisition of PNA Group on June 17, Reliance Steel & Aluminum will issue as much as $750 million in debt come the end of the summer...

Let's Agree To Agree On What Ebitda Means

June 30, 2008 – Ebitda is used as a measure of a company's cash flow and is instrumental in designing covenants for debt and profitability. But how its defined may be increasingly negotiated as borrowers and lenders try to maximize protections in credit agreements...

Summer Doldrums Arrive Early For HY

June 30, 2008 – The high yield market wasted no time in slipping into its slower summer mode in secondary trading, as losses were larger than gains and volumes were down...

CDS Market May Boost Bankruptcies

June 30, 2008 – As if the market needed something else that would push companies toward bankruptcy, the large market for credit default swaps may do just that, according to analysts...

Focusing on Loans, Cairn Seeks Advisory Mandates

June 30, 2008 – Andrew Burke, who heads up Cairn Capital's leveraged finance business, has shifted gears to focus on the firm's Loan Opportunity Fund...

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