Dec 19, 2014 As expected, federal regulators are delaying implementation of the Volcker Rule's prohibition on banks holding collateralized loan obligations, giving institutions an additional two years to comply.
Dec 19, 2014 Investors pulled money from high yield mutual funds and exchange traded funds for the fourth-straight week amid concerns about the impact of sliding crude oil prices, according to Lipper.
Dec 19, 2014 Data center operator Equinix closed on a $1.5 billion, five-year senior secured credit facility with a syndicate of eleven financial institutions.
Dec 19, 2014 The revised facility has a term of four years; it will be used for general corporate purposes, which include financing future asset acquisitions.
Dec 18, 2014 The notes along with borrowing of a new $500 million, six-year senior secured term loan and a $60 million, give-year revolver, will be used to finance the purchase of Multimedia as well as repay some of the existing debt of GCA and Multimedia.
Dec 18, 2014 Dealer Tire sold $615 million to fund its buyout; Caraustar issued $345 million to fund and acquisition and Amneal Pharma priced $250 million to finance a dividend payment.
Dec 18, 2014 Rye Harbour CLO is the investment manager's third European collateralized loan obligation; it also manages 11 U.S. CLOs.
Dec 17, 2014 Based on a review of about 700 U.S. CLOs rated by S&P, the average exposure to energy companies is only about 3.3%; thats a much lower concentration than these companies have in overall junk bond and leveraged loan markets, at 17%.
Dec 16, 2014 The specialty energy infrastructure contractor said the new $270 million facility, expected to fund today, gives it more flexibility to meet near term obligations than its previous term debt.
Dec 16, 2014 CIFC Asset Management is in the market with its fifth collateralized loan obligation of the year, according to Fitch Ratings.
Dec 16, 2014 The new facility replaces an existing one the same size that was scheduled to mature in December 2015.
Dec 16, 2014 Regardless of whether a missed interest payment on second lien notes is made, the rating agency "believes that a default of some sort is inevitable."
Dec 15, 2014 The Phoenix-based retailer has agreed to be acquired by a consortium led by BC Partners for $83 a share, or approximately $8.7 billion.
Dec 15, 2014 The increase will be effective upon completion of the companys merger with Gentiva Health Services, which is expected in the first quarter of 2015. The pricing and other terms of the facility were not changed.
Dec 15, 2014 The impact of falling oil prices has extended beyond the debt of exploration and production companies to some of their biggest creditors - collateralized loan obligations.
Firm: Octagon Credit Investors