Leveraged Loans

Staples Terms Flexed In $6.75B Loan Closing

Staples has closed on a $6.75 billion loan package that flexed for a second time Wednesday prior to allocation, according to reports.

Rep. Barr Plans Bill Easing Bite of Risk Retention for CLOs

It would create a “qualifying CLO” exemption to risk retention for collateralized loan obligations that meet certain criteria.

Halcon Resources Driving By with $500M 2nd Lien Notes

The oil & gas company intends to use the net proceeds to repay a portion of the outstanding borrowings under its senior secured revolving credit facility and for general corporate purposes.

DJO Expected with $2.52B Junk Bond/Loan Offer

DJO Finance LLC will launch a $1.045 billion second-lien bond sale this week along with plans to place a $300 million third-lien notes offering and a $1.4 billion loan proposal, all to raise funds for redeeming existing debt.

S&P: Defaults On Pace To Exceed 2014 Levels

At 29 firms so far, the 2015 global default tally is nearly half of the 60 defaults recorded in all of 2014. S&P's list of the "weakest links" in its ratings is also brimming at a two-year high.

New Hurdle to Wooing European CLO Investors

EU regulators are considering tightening existing risk-retention rules, potentially complicating matters for U.S. managers as they contemplate expansion into European markets.

BAML Leads Financing in $5.3B Informatica Buyout

Bank of America Merrill Lynch is leading a syndication team of seven lenders backing Informatica’s $5.3 billion buyout by Permira and the Canada Pension Plan Investment Board – the largest LBO announced so far in 2015.

Fund Flows Surge for HY, Lag for Loans

Bank loan investment funds had net withdrawals for a fifth consecutive week, while a surge in high-yield exchange traded fund deposits brought a net flow of new money into bond funds for the first time in three weeks.

Townsquare Media Readies HY Bond Sale

The bonds portion of Townsquare Media’s debt refinancing package is expected to price this week, according to market sources. The company's concurrent loan proposal also had its commitment deadline moved up to Wednesday.

VeriSign to Sell $400M Senior Notes

The company also plans to replace its existing $200 million unsecured credit facility with a new one of the same size and later maturity.


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Dan Spinner

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Firm: Eagle Point Credit Management

In the news: Investors Want CLO Managers to Get Moving on Risk Retention

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