Top section
Top section
Deal rules and slow primary market make ramping up deals difficult
◆ Supranationals and agencies prepare to achieve the previously unthinkable ◆ Leveraged loans versus private credit and their effect on CLOs ◆ A new dawn for dollar covered bonds and UK equity market structure
◆ Schaeffler attracts €5.8bn peak book… ◆ …while SPIE finds €2.8bn of orders ◆ Strong demand allows for strong price moves
More articles
More articles
More articles
-
Chinese hotel company Huazhu Group, previously known as China Lodging Group, is asking lenders’ consent to waive some of the financial covenants on a recent syndicated loan. -
Insolvency and restructuring practitioners have been catapulted into an unprecedented whirlwind of activity by the coronavirus, as even healthy companies suddenly find themselves staring over a financial precipice. In the UK, the government will change insolvency rules to ease these situations, but specialists believe there is more to be gained by using existing laws better.
-
US insurer Global Atlantic Financial Group has hired Donald Bobbs as head of credit.
-
Former GSO Capital Partners managing director Richard “Dik” Blewitt has joined Kennedy Lewis Investment Management as partner and head of tactical opportunities.
-
JP Morgan has taken an $820m writedown on its book of bridge loans, nearly halving its investment banking revenues for the first quarter. However, the bank is not hurrying to exit these positions. Chief executive Jamie Dimon said “a couple” of its bridges could be syndicated this quarter if conditions are supportive.
-
The UK’s Hipgnosis Songs has increased the size of its sterling revolving credit facility, as bankers say that the coronavirus crisis means many more borrowers will look to increase existing credit lines where they can.
Sub-sections
shared comment list
