Leveraged Loans

Energy, Mining Add to Distressed Junk Issue Levels

Of 278 issues being monitored by Standard & Poor's for their distressed standing, 95 are in the oil and gas sector and 45 are in metals/mining.

Coal Companies Drive up Lev Loan Defaults

Recent bankruptcy filings out of the sector have pushed up default rates for metals/mining, according to Fitch.

Jefferies, Fifth Street to Back DigiCert LBO

Web data security firm DigiCert has lined up financing from Jefferies and Fifth Street Asset Management to finance its buyout announced Friday by private equity firm Thoma Bravo.

$1.6B Pulled from Junk Bond Funds

Investors removed more than $1.6 billion from junk bond mutual funds and ETFS. Their bank loan counterparts saw net withdrawals totaling $796 million.

Rockport Group Lands $60M in New Facilities

Citizens Bank served as the sole lead arranger, bookrunner and administrative agent for the transaction.

American Capital Closes a CLO, CIFC Prices Another

The $510 million ACAS CLO 2015-2 complies with European risk retention requirements; CIFC Funding 2015-IV has split its senior notes into two tranches, one floating-rate and the other fixed-rate.

IXS Allocates $95M Dividend Loan

Innovative XCessoris & Services (IXS), a manufacturer of aftermarket automobile parts and accessories, allocated a downsized $95 million loan in line with price talk Wednesday.

Jet Support Flexes Final Terms on $175M TLB

Jet Support Services, an independent operator of aircraft maintenance support and financial services programs to the business aviation industry, has priced a $175 million term loan B wide of price talk.

SRS Finalizes $325M Loan

SRS Distribution, a Texas-based roofing repair industry supplier, has set final terms on its $325 million first-lien term loan at the price talk levels proposed before last week’s allocation.

No New Debt Planned for DaVita-Renal Acquisition

An ample reserve of $1.8 billion in cash and short-term investment liquidity is expected to be the source of funding of DaVita's $415 million acquisition of Renal Ventures.

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Alexander Rohan

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Firm: Guggenheim Securities

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