Staples has closed on a $6.75 billion loan package that flexed for a second time Wednesday prior to allocation, according to reports.
It would create a qualifying CLO exemption to risk retention for collateralized loan obligations that meet certain criteria.
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 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.
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.
EU regulators are considering tightening existing risk-retention rules, potentially complicating matters for U.S. managers as they contemplate expansion into European markets.
Bank of America Merrill Lynch is leading a syndication team of seven lenders backing Informaticas $5.3 billion buyout by Permira and the Canada Pension Plan Investment Board the largest LBO announced so far in 2015.
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.
The bonds portion of Townsquare Medias 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.
The company also plans to replace its existing $200 million unsecured credit facility with a new one of the same size and later maturity.
Firm: Eagle Point Credit Management