Jan 30, 2015 For the 29th week in a row, investors withdrew more money from bank loan mutual funds and exchange traded funds than they added, according to Lipper. But they resumed purchasing spec-grade bond funds.
Jan 30, 2015 Year to date issuance for the high yield market is at its lowest point since 2009; similarly syndicated loan volumes are also off to its slowest start in eight years. Can the LBO pipeline, flush with blockbuster deals, help turn things around for leveraged finance?
Jan 29, 2015 The first- and second-lien tranches of a $430 million buyout loans proposal from Charter NEX Films has reverse flexed under final terms, according to reports, with lender commitments due end of day Thursday.
Jan 29, 2015 Proceeds from both bond issues will be used to fund acquisitions.
Jan 29, 2015 Proceeds from the loan, at Libor plus 400 bps, along with a proposed $300M notes issue will be used to partially fund Acadia's $1.18 billion acquisition of CRC Health Group.
Jan 29, 2015 JPMorgan heads a bookrunner group that is backing $3 billion in loans and notes for CommScope, which is acquiring the network business solutions business of TE Connectivity. A $1.5 billion term loan B offering was launched Thursday by CommScope.
Jan 29, 2015 A seven-year, $410 million first-lien term loan B was priced at Libor plus 425 bps with a 99.5 cents on the dollar original issue discount, per reports. A $150 million second-lien loan, maturing in 2023, has a final margin of Libor plus 825 bps with a 99-cent OID.
Jan 29, 2015 Repeat issuers Micron Technology is driving by for $750 million; Calpine Corp. is looking to raise $500 million; and Platform Specialty hopes to add to its recent $1 billion deal.
Jan 28, 2015 The fund will invest in first- and second-lien loans that NXT's corporate finance group originates.
Jan 28, 2015 Five corporate borrowers with syndicated loan issues totaling $2.1 billion have allocated this week, according to KDP Investment Advisors, including a $600 million buyout loan offer that Presidio Inc. was able to close after pulling out of plans for a companion high-yield bond issue this week.
Jan 28, 2015 Netflix will double its debt load this year with a planned $1 billion issue, prompting Moody's to issue a downgrade to its credit profile. But the debt will help Netflix step up the volume of its original content output in 2015, and accelerate its international expansion goals.
Jan 28, 2015 Citgo Petroleum is planning a road show Thursday as it prepares to price a $1.5 billion, five-year senior secured notes issue that will help fund capital purchases as well as a dividend for the state-run Venezuelan parent firm Petrσleos de Venezuela. Price talk also emerged Tuesday for a $1 billion companion loan proposal.
Jan 27, 2015 H.J. Heinz has issued 10-year senior notes in the high yield bond market. The bonds priced at par.
Jan 27, 2015 Dollar Tree was assigned its first-ever, speculative grade ratings Monday as price talk terms emerged for part of the nearly $8.5 billion debt package that will be used to finance its long-sought Family Dollar acquisition.
Jan 27, 2015 Platform Specialty Products on Monday allocated a downsized $500 million term loan B offer and plans to wrap up an 83 million euro-denominated loan Tuesday, according sources close to the deal.