Regulators Delay Volcker Implementation Until 2017

As expected, federal regulators announced Thursday that they are delaying implementation of the Volcker Rule's prohibition on collateralized loan obligations, giving institutions an additional two years to comply.


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Pattern Energy Group Upsizes Revolver to $350M

– The revised facility has a term of four years; it will be used for general corporate purposes, which include financing future asset acquisitions.

Equinix Closes on $1.5B Senior Credit Facility

– Data center operator Equinix closed on a $1.5 billion, five-year senior secured credit facility with a syndicate of eleven financial institutions.

Fourth Straight Week of Withdrawals for Junk Bond Funds

– Investors pulled money from high yield mutual funds and exchange traded funds for the fourth-straight week amid concerns about the impact of sliding crude oil prices, according to Lipper.

Global Cash Access Prices $700M in 1st Deal of Week

– The notes along with borrowing of a new $500 million, six-year senior secured term loan and a $60 million, give-year revolver, will be used to finance the purchase of Multimedia as well as repay some of the existing debt of GCA and Multimedia.

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