Mar 31, 2015 Leveraged loan issuance fell 35% in the first quarter, to only $126 billion despite a pickup of buyout activity that could not offset the slowdown in refinancing, according to a quarterly syndicated lending report issued Tuesday by Thomson Reuters LPC.
Mar 31, 2015 Canadian telecom firm Mitel Networks is meeting with lenders Tuesday to discuss terms of a $700 million term and revolver loan proposal to fund in part its acquisition of Mavenir Systems.
Mar 31, 2015 The company will use the proceeds to fund concurrent tender offers for its 8% senior notes due 2017, 8% senior notes due 2020, and 7.375% senior notes due 2021.
Mar 31, 2015 In a report compiling the companies rated B3 with negative outlooks or lower in its ratings, Moodys said the list of 184 firms is the highest level the quarterly list has seen in the last two years. That was a net addition of 10 companies from the December 2014 list
Mar 31, 2015 The specialty chemicals provider will a portion of the proceeds to pay or redeem its 8.375% sinking fund debt due 2016.
Mar 30, 2015 The company will also enter into a new $350 million senior secured credit facility. Credit Suisse is the sole bookrunner for the senior notes offering.
Mar 30, 2015 The proceeds will be used to fund the redemption of $480 million of 8.5% senior secured notes due 2019.
Mar 30, 2015 Natel Engineering has launched a $330 million senior secured term loan offering to help fund its acquisition of Oncore Manufacturing and to refinance existing debt, according to reports and ratings agency assessments.
Mar 30, 2015 While Moody's believes Olin's plans to finance its acquisition of Dow Chemical's chlorine products business is a credit positive, S&P placed Olin on negative credit watch in the belief any business line gains are mitigated by the increased debt.
Mar 30, 2015 A $1.55 billion offering has entered the high bond pipeline from Murray Energy Corp.
Mar 27, 2015 Bank loan investment funds had net withdrawals for a fifth consecutive week, while a surge in high-yield exchange traded fund deposits brought a net flow of new money into bond funds for the first time in three weeks.
Mar 27, 2015 Price talk narrowed on a $966 million term loan proposal from Regal Cinemas, which is part of a $1.05 billion refinancing package, according to sources and reports.
Mar 27, 2015 The lodging company will use proceeds to repay borrowings under its $600 million revolving credit facility.
Mar 26, 2015 Ally Financial, CONSOL Energy, Cliffs Natural Resources, Credit Acceptance, Navient Corp., and OUTFRONT Media all added to U.S. high yield deal totals.