Structured Credit

Bankruptcy Panel Upholds Credit Bidding

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 Proposing $1.58B Refi Debt Package

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.

LSTA Challenges 'Arbitrary' Risk Retention Rule in Court

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.

Highland Capital Hires CLO Expert Felicia Smith

Smith joins Highland’s business development team where she will focus on raising assets for the firm's collateralized loan obligation and credit platforms.

Franklin Square BDCs to Put $300M to Work with NewStar

NewStar will use the proceeds to originate and lead transactions across all of its business lines, giving investors in Franklin Square’s BDCs exposure to a wider range of smaller companies.

Endo Obtains Citi Backing for Auxilium Offer

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.

Right Structures Key for Middle Markets

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 Forecasts Ongoing Stability for CLOs, Loans in 2015

Fitch Ratings issued a report Monday predicting the investment performance on leveraged loans and CLO portfolios will remain on “stable footing” heading into 2015.

Taking P2P Loans Institutional

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 Plans $400M Debt Financing

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.


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Todd Owens


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