Oct 21, 2014 The loans will consist of $1.6 billion of secured term facilities and $750 million in bridge loans that will go toward the $3.5 billion purchase of Arysta LifeScience SPC.
Oct 21, 2014 After launching the deal with the tranches unsized, the beverage company ended up splitting the deal down the middle: $400 million of notes due November 2019 and another $400 million due November 2024.
Oct 21, 2014 Proceeds will be used to repay all of an existing $250 million unsecured term loan and a portion of the $850 million of outstanding borrowings under its new $1.3 billion senior unsecured revolving facility.
Oct 21, 2014 The Federal Deposit Insurance Corp. approved a final rule requiring lenders to retain at least a 5% stake in loans they securitize unless they meet the definition of "qualified residential mortgages; there's no such carve-out for corporate loans.
Oct 20, 2014 Tesoro Logistics, a partnership subsidiary of petroleum refiner Tesoro Corp., has launched a $1.3 billion senior notes offering in conjunction with an offering of more than 19 million shares to consummate a $2.5 billion acquisition of a field services subsidiary of QEP Resources Inc.
Oct 20, 2014 It was the first offering to price in a week and priced the same day it was launched.
Oct 20, 2014 The add-on offering will bring the total amount of the issue outstanding to $805 million; the specialty chemical company originally issued $655 million in 2012 and subsequently issued $100 million in 2013.
Oct 20, 2014 The sizing of the two tranches and their maturity dates have yet to be determined; the offering is expected to price later today.
Oct 20, 2014 Essar Steel Algoma will launch a road show Tuesday for a $625 million bonds package that is part of its $1.03 billion recapitalization plan being administered by a Canadian superior court.
Oct 20, 2014 Orbotech, an Israeli firm that specializes in optical and imaging solutions for electronic components manufacture, was assigned a B1 corporate rating by Moodys Investors Service on Monday following its recent completion of a $300 million senior secured term loan financing an acquisition.
Oct 17, 2014 Nearly half the high-yield bond issues that hit the market in September had something in common for investors: major exposure. It's all due to a trend toward fewer covenant protections in issued spec-grade notes, reports Moody's.
Oct 17, 2014 Serving small-cap and middle-market firms, and providing financing that complements rather than displaces corporate bank structures is how business develop corporations can succeed in meeting the demand for borrowing that large banks don't fulfill, says Raj Vig, managing partner at TCP Capital Corp.
Oct 17, 2014 The independent oil and gas exploration and production company cited current market conditions; it has a cash position of roughly $79 million.
Oct 17, 2014 In a statement issued today, NOVA said it will use proceeds to redeem its existing $350 million in aggregate principal amount of 8.625% senior notes due 2019 and for general corporate purposes
Oct 17, 2014 Inc. Research, an outsourced contract researcher for pharmaceutical and biotechnology companies, is heading to market with a $525 million loans proposal to refinance existing debt, according to ratings agency reports.