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GE Capital Markets has been making a concentrated effort to increase its presence in large cap, cash flow deals, focusing on distribution and trading and making some key hires to rev up the business.
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The strong performance of two billion-dollar plus high-yield deals priced last week has not only instilled confidence in the market's stability but may have also opened the gates to a busy month of issuance.
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--Kevin Cronk, portfolio manager at Columbia Management Group in Boston, on SunGard Data Systems and L-3 Communications' new issues.
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Give me your tired, your poor...the Statue of Liberty has been a beacon to the downtrodden masses through many generations.
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Pro rata loans are way up for the quarter, with about $2.4 billion replacing institutional facilities through the middle of July, according to data compiled by Standard & Poor's.
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Univest Management and Trust is putting some new cash to work in the agency market.
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Investors have received a tradeoff of 25 basis points on pricing for a year of soft call protection on the $4 billion term loan for SunGard Data Systems.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
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--Craig Monaghan, senior v.p. and cfo at AutoNation, on why the company tapped JPMorgan instead of previous incumbent Bank of America as lead on a $600 million facility.
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After a long and powerful bull run, the European leveraged loan market is struggling to cope with the rising tide of big leveraged buy-outs, and several loans are suffering in syndication.
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The three major rating agencies are set to launch public models which will allow investors in leveraged super senior collateralized debt obligations to gauge the likelihood of trades hitting embedded triggers and unwinding.