Latest News

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

Feb 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...

CIT Group’s $3.25B HY Deal Leads Busy Day

Feb 3, 2012 – Thursday's market saw more than $5 billion in new deals price. CIT's bond was the largest junk bond priced since Peabody Energy's $3.1 billion deal in November 2011...

Barclays Talks Price on $370M Acco TL

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

Inflows Continue for Junk Bond Funds

Feb 3, 2012 – Strong inflows continued for junk bonds while loan funds saw negative flows after three weeks of very small positive flows...

Medical Properties Trust Plans $200M HY Sale

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

Limited, Copano and CDW Offer $1B in Junk Bonds

Feb 2, 2012 – Limited is selling $750 million. Both Copano and CDW are selling add-on bonds in order to refinance existing debt...

JPMorgan Sets Price Talk on Summit TL

Feb 2, 2012 – The interest rate is being talked at Libor plus 525-550 bps and the price at 98.5-99 cents on the dollar...

Four Cos Price $1.46B in New HY Bonds

Feb 2, 2012 – All four companies priced their issues with discounts and three of the four deals were upsized...

CIT Selling $1B in HY for Refinancing

Feb 2, 2012 – The company may price the bonds in a drive-by offering and will use the proceeds to refinance existing debt...

Price Talk Emerges on Schaeffler Loans, Bonds

Feb 2, 2012 – The German auto parts maker is seeking euro 1 billion of loans and euro 2 billion of bonds as part of a broader refinancing; approximately two thirds will be denominated in dollars...

Right Price, Wrong Time for Loans

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

Mild Winter Hurts Natural Gas Cos

Feb 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...

Euro CLOs: Reports of Our Death Exaggerated

Feb 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...

Endeavour, KB Put $750M on HY Market

Feb 1, 2012 – Endeavor is returning to the bond market after pulling a deal last June. KB Home may price its bonds in a drive-by...

Crown Castle $1.5B Loan Package Allocates

Feb 1, 2012 – The package is part of a larger $3.1 billion credit facility that will finance the company’s $1 billion purchase of NextG...