Jul 21, 2014 Commitments are due today on revised $270 million loan proposal from utility services firm Osmose Holdings that is part of a debt restructuring that includes planned divestitures of two business lines.
Jul 21, 2014 NewBridge Bancorp (NBBC) in Greensboro, N.C., has hired six commercial bankers to run its new middle-market banking group.
Jul 21, 2014 Geopolitical unrest can be blamed for a lackluster performance in the returns on high yield bonds recently. Global unrest rattled investors who sent yields up and fund flows out of the asset class.
Jul 21, 2014 Price talk has emerged on a nearly $1.5 billion loan offering from Ceridian LLC that splits and refinances an existing term loan among its subsidiaries that could be split into separate, free-standing businesses.
Jul 21, 2014 Nigerian oil and gas exploration and development company Seven Energy is offering $500 million in senior secured notes due 2021.It will use the proceeds to pay down existing debt.
Jul 21, 2014 Compressco Partners is selling $350 million in senior notes due 2022. It plans to use the proceeds to help finance its $825 million acquisition of Compressor Systems.
Jul 21, 2014 Prudential Investment Management is preparing a $650 million collateralized loan obligation, according to a presale report by Moodys Investors Service.
Jul 21, 2014 Platform Specialty Products Corp., the specialty investment vehicle that acquired chemicals firm MacDermid in late 2013, is shopping $505 million in new or add-on multi-currency loan facilities to help fund its announced acquisition of Chemtura AgroSolutions.
Jul 21, 2014 William Buchanan Jr. joined BTIG as head of investment banking. Graham Powis joined BTIG as head of capital markets.
Jul 18, 2014 Ocean Rig UDW Inc. has called off a $500 million high yield bond offering and moved that funding to its loan deal, increasing its term loan offering to $1.3 billion from $800 million.
Jul 18, 2014 Investors took $1.7 billion out of high yield bond funds in the largest weekly outflow from the asset class in nearly a year with exchange-traded funds responsible for the bulk of the fund departures.
Jul 18, 2014 Viking Cruises issued $275 million in add-on 8.5% senior notes due 2022 Thursday in a deal downsized from $300 million. QTS Realty issued $300 million in 5.875% senior notes due 2022.
Jul 18, 2014 CCM Merger, the holding company for the MotorCity Casino Hotel in Detroit, Mich., is seeking lenders for a $490 million term loan B, according to KDP Investment Advisors.