January 23, 2015 – Dollar Tree is going to market with a $6.95 billion loans proposal to help fund its merger with Family Dollar, after winning approval Thursday from Family Dollar shareholders on its $8.7 billion takeover bid.
January 23, 2015 – The $241.2 million withdrawn from mutual funds and exchange traded funds only partially reversed the $897.5 million added the previous week
January 23, 2015 – Commitments are due today for a downsized, multicurrency loan proposal of approximately $600 million from Platform Specialty Products and its MacDermid Inc. subsidiary, which today also priced and sold an upsized $1 billion notes offering in a 144A private sale.
January 23, 2015 – Below investment grade issuers Aruba Investments and Speedway Motorsports both issued in the private bond market.
January 23, 2015 – Moody's Investors Services top rankings of U.S. CLO managers still includes many familiar names, but the usual suspects lost market share in the fourth quarter of 2014 to some medium-sized managers.
January 15, 2015 – Caesars Entertainment Corp. filed to place its key operating unit into voluntary Chapter 11 bankruptcy Thursday, setting in motion a battle against junior bondholders who have petitioned for their own involuntary restructuring plan in a Delaware federal bankruptcy court.
January 14, 2015 – International Association of Credit Portfolio Managers latest survey results shows that expectations for corporate defaults over the next 12 months have increased. Spreads are expected to remain in tact, however.
January 8, 2015 – Caesars Entertainment is already negotiating with first-lien creditors about taking a haircut in its plan to restructure the mountain of debt it took on in its 2007 buyout. Now its embroiled in a dispute with swaps holders over whether it actually defaulted when it missed December interest payment on nearly $4.5 billion in second-lien secured bonds.
December 19, 2014 – As expected, federal regulators are delaying implementation of the Volcker Rule's prohibition on banks holding collateralized loan obligations, giving institutions an additional two years to comply.
December 12, 2014 – The Securities and Exchange Commission has loosened restrictions that can keep business development companies from investing in the same companies as their affiliates, allowing them to put more money to work and potentially invest in larger companies.
December 8, 2014 – Falling crude prices have taken a toll on the speculative-grade oil and gas firms as investors unload their debt. Now analysts are beginning to considering whenor ifthe lower tide will begin to bear on the credit, operations and liquidity of these issuers. So far, the evidence is mixed.
December 5, 2014 – Octagon Credit Investors took advantage of a dip in loan prices over the summer to quickly print a CLO at the request of one of its own investors, using the proceeds to snap up collateral, largely in the secondary market.