Latest News

Price Talk on Samson $2.25B HY Deal at 9.5%

February 3, 2012 – The oil exploration and production company will likely price the bonds today. It will use the proceeds to help finance its $7.2 billion buyout by KKR...

Barclays Talks Price on $370M Acco TL

February 3, 2012 – The maker of swingline staplers is offering to pay Libor plus 375 bps at 99 cents on the dollar...

Medical Properties Trust Plans $200M HY Sale

February 3, 2012 – The real estate trust plans to use the proceeds to help finance a $1 billion acquisition...

• CIT Group’s $3.25B HY Deal Leads Busy Day
• Inflows Continue for Junk Bond Funds
• Price Talk Emerges on Schaeffler Loans, Bonds

More

Featured Articles

Euro CLOs: Reports of Our Death Exaggerated

February 2, 2012 – While the U.S. subinvestment-grade market, especially on the bond side, has seen a steady stream of European deals recently, one group of investors likely wouldn’t mind being shown a bit more love by these issuers and their underwriters: European CLO managers...

Mild Winter Hurts Natural Gas Cos

February 2, 2012 – The energy sector may be red hot, but unseasonably warm weather is causing some investors to take a harder look at natural gas companies, whose earnings are being undercut by low consumption...

Right Price, Wrong Time for Loans

February 2, 2012 – Thanks to January's rally, financing is attractive; problem is, there just aren't many issuers in a position to take advantage...

Energy Companies Fuel Up on High Yield Bonds

January 26, 2012 – Oil and gas companies started the year with record amounts of revolving lines of credit, but speculative grade energy companies have been tapping the high yield bond market in recent weeks to pay down some of this revolver debt, even though it may be cheaper...

European Issuers Hit the U.S. Road

January 26, 2012 – A number of European companies are opting to sell high yield bonds and loans in the U.S., and quite successfully, even though they don’t necessarily do business here...

Simplifying Cross-Border Insolvency

January 26, 2012 – A case coming before the U.K. Supreme Court in May could make it easier for U.S. creditors to recover offshore assets of insolvent companies...

Open Wide: Appetite Is There for Large HY Deals

January 19, 2012 – Investors may not be saying, “Supersize me,” but the junk bond market does have an appetite for large deals. Buyers have money that they are eager to put to work in assets that offer some kind of yield...

Bank Alliances Off to a Slow Start

January 19, 2012 – Growing loan volume and diversifying the portfolio beyond real estate are the stuff of community banker dreams, so why have just 36 institutions joined BancAlliance? Why has a loan syndication service started by the Ohio Bankers League completed just one deal...

Collateral Repair: Loans May Aid Euro Banks

January 19, 2012 – Europe’s sovereign debt crisis has put a crimp in bank lending, but one of the measures being explored to free up capital could prove to be a boon for the region’s corporate loan market...

Retail Sector Faces Uphill Battles in 2012

January 12, 2012 – Retail companies face a difficult year as the U.S. economy struggles to recover and some lower-rated issuers with maturities coming up may have a tough time tapping the junk bond market for refinancing...

Petroplus Keeps Refining, for Now

January 12, 2012 – The Swiss-based company has been hit by a three-year downturn in the European refining sector and by a pullback on credit by the region’s banks...

Mohegan Debt: No Fun in the Sun

January 12, 2012 – If Mohegan Tribal Gaming Authority can’t reach a refinancing agreement with its lenders before long, bondholders could be headed for a painful, and protracted, restructuring...

More