Participants at the Loan Syndications and Trading Associations annual conference dont seem to be overly concerned about the impact of heightened U.S. regulatory scrutiny on leveraged lending.
Metaldyne Performance Group, the diversified manufacturer controlled by American Securities, is seeking $700 million of senior secured notes
JPMorgan and Jefferies plan a mix of loans and bonds in an aggressive buyout financing proposal for Tibco Software that could draw regulatory scrutiny, according to reports.
A $534 million multi-tranche loan offering to fund Berkshire Partners buyout of information management firm Access CIG has price talk for both the first- and second-lien tranches of the proposal.
According to KDP Investment Advisors, talk on a $440 million first-lien term loan and $75 million revolver is 400 to 425 bps over Libor, while a second-lien tranche is 750 to 775 bps over Libor.
Packaging machinery products provider Pro Mach Inc. has launched a debt offering that includes a $405 million term loan B, according to KDP Investment Advisors.
Price talk has emerged for a $1.71 billion leveraged loan offering by Wheelabrator Technologies to fund its acquisition by private equity firm Energy Capital Partners, according to sources.
Reports that Computer Sciences Corp. is in buyout talks with private equity groups, including Blackstone Group and Bain Capital, has spurred the firms credit default swaps to their widest levels in two yearsa sign that a potential LBO of the IT services provider could place the companys credit profile under non-investment grade status.
JPMorgan and Jefferies have committed debt financing for the $4.3 billion buyout of software firm TIBCO by private equity firm Vista Equity Partners.
Grocery Outlet is preparing a $725 million, first- and second-lien loan offering to finance its buyout by San Francisco-based Hellman & Friedman from Berkshire Partners of Boston, according to sources close to the deal.