The recommendation is one of the positive outcomes for lenders of a three-year process designed to make the Chapter 11 process cheaper and more efficient, giving struggling companies a better shot at survival.
Tenneco, a producer of automotive emissions control and ride performance products, is proposing a $1.58 billion debt refinancing that includes a new revolver facility, term loan and a drive-by pricing of 10-year notes planned today.
The Loan Syndications and Trading Association filed a petition against the Federal Reserve Board and Securities and Exchange Commission, asking a D.C. Court of Appeals to suspend the final risk retention rule approved by regulators last month.
Smith joins Highlands business development team where she will focus on raising assets for the firm's collateralized loan obligation and credit platforms.
NewStar will use the proceeds to originate and lead transactions across all of its business lines, giving investors in Franklin Squares BDCs exposure to a wider range of smaller companies.
Pharmaceutical giant Endo International has obtained a financing commitment from Citigroup to fund the $2.6 billion acquisition of Auxilium Pharmaceuticals in a cash-and-stock transaction announced Thursday.
Middle market credit deals are going to rely more and more on finding the right structure to be successful, and firms that prove nimble at putting together a variety of structures will find success with the widest swath of clients, according to Goldman Sachs veteran Thomas Goila.
Fitch Ratings issued a report Monday predicting the investment performance on leveraged loans and CLO portfolios will remain on stable footing heading into 2015.
In a Q&A with Leveraged Finance News, former Blackrock multisector fixed income head Brian Weinstein discusses his move into alternative investments at Blue Elephant Capital Management, and the huge growth opportunities he sees in bringing institutional investors into peer-to-peer lending.
Capital Automotive LLC plans to raise $400 million in debt to help finance its proposed acquisition by Brookfield Property Partners, according to ratings agency reports.