Latest news
Latest news
Blatter will be lead portfolio manager for BlackRock’s European CLO platform
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
More articles
More articles
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Mark Wirth, a former fixed-income portfolio manager at Northern Trust, has joined Freddie Mac in McLean, Va.
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LifePoint Hospitals has tapped Citigroup to lead the financing backing its $1.7 billion acquisition of Province Healthcare Co. because of Citi's strength in banking and strong healthcare group, according to Michael Culotta, LifePoint's senior v.p. and cfo.
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NDCHealth Corp. has amended its credit facility to avoid potential covenant violations after sales declined by 3% to $111 million for the last quarter and EBITDA margins fell to approximately 20% in the quarter from about 30% in most quarters over the past two years.
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Following a meeting of the Financial Accounting Standards Board (FASB), U.S. loan participations likely will continue to receive sales accounting treatment under amended FAS 140 so long as the transfer constitutes a true sale.
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BlueBay Asset Management has hired Anthony Robertson, senior v.p. and high-yield portfolio manager at Putnam Investments in London, as senior portfolio manager and co-head of high-yield.
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Investors are pulling together to push back aggressive repricings or are trying to find a middle ground with issuers who have been the beneficiaries of a super-hot market. -
It pays to be in distress.
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The recent decline in the yield of the benchmark 10-year Treasury note is leading previously skeptical high-yield issuers to take a second look at the market and consider issuing bonds in the coming five months, according to capital markets heads.
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Bank of America landed the lead spot on Denny's Corp.'s new credit by being competitive and offering the best deal, according to Ken Jones, Denny's v.p. and treasurer.
