Nov 21, 2014 Creative Artists Agency (CAA) is pursuing a $610 million first-loan loan proposal to raise proceeds for the majority-stake takeover of the talent agency by TPG Capital that was announced in October.
Nov 21, 2014 IT and business process services consultant Cognizant Technologies on Thursday completed a $2.7 billion acquisition of healthcare software firm TriZetto Corp., for which it has obtained $1.75 billion in loan commitments from a consortium of banks led by JPMorgan.
Nov 21, 2014 Corporate speculative-grade liquidity improved to its best mark in over 18 months, with the Moodys Investors Service Liquidity-Stress Index easing to 3.2% in mid-November from the 3.5% level at the end of October.
Nov 21, 2014 The offering of senior unsecured notes due 2023, originally sized at $1 billion, was assigned a coupon of 6% and priced at par
Nov 21, 2014 According to Lipper, investors withdrew $373.7 million from loan funds in the week ended Nov. 19, down slightly from $397.8 million the previous week; it was the lowest amount of weekly withdrawals in more than two months.
Nov 20, 2014 Price talk has emerged for the term loan portions of a $1.28 billion debt package proposed by C&J Energy Services Ltd., a firm whose recent merger with an oilfield services competitor will make it the fifth-largest global completion and production services provider.
Nov 20, 2014 The maintenance and repair products firm will use proceeds to redeem its 8.125% first priority notes due April 2019; interest cost savings will be limited by the need to pay a "make whole" price.
Nov 20, 2014 Price guidance has emerged on $1.2 billion of unsecured notes being offered by KLX Inc., a spin-off from B/E Aerospace, to fund its initial operating capital as well as a dividend to B/E.
Nov 20, 2014 MGM Resorts International announced today it would propose $1 billion in new senior unsecured notes to raise funds that will be used toward a pair of resort projects and to repay some existing debt maturing next year.
Nov 20, 2014 While analysts have mostly noted the growing number of covenant-lite structures of loans and high-yield bonds, there are certain sectors that have recently moved toward increasing investor protections.
Nov 19, 2014 Other issuers included auto parts supplier Lear Corp., pulp manufacturer Mercer International, transportation services company Penske Auto, MarkWest Energy, homebuilder Lennar, and defense contractor MOOG.
Nov 19, 2014 The market for collateralized loan obligations hit an all-time high in 2014 but the onset of a number of regulatory requirements, including the Volcker Rule, mean the good times may not last long.
Nov 19, 2014 Compuware is preparing a $2 billion loan launch this week to fund its $2.5 billion buyout by private equity firm Thoma Bravo announced in September.
Nov 19, 2014 The multi-tranche loan package includes a $475 million first-lien facility with price talk of Libor plus 475 bps and a 99 cents on the dollar original issue discount, per KDP. A $200 million second-lien loan has talk of Libor plus 850 bps with a 98-cent OID.
Nov 19, 2014 Great Wolf Resorts Holdings has finalized a $214 million, first-lien term loan add-on that has priced above initial talk after being upsized to fund a property loan repayment as well as a dividend.
Firm: Monroe Capital