Leveraged Loans

  • Dealogic parent preps to strip out costly private debt as strong results cut leverage

    Dealogic parent preps to strip out costly private debt as strong results cut leverage

    Ion Investment Group is preparing to combine its Dealogic and Mergermarket units under a single corporate entity, ION Analytics, and refinance the group’s expensive private debt raised last year with a cheaper, broadly syndicated loan package across dollars and euros. A strong performance over the last year should encourage investors to look past the group’s previous struggles with access to the public markets.

  • UBS IB benefits from leveraged capital markets, IP sale

    UBS IB benefits from leveraged capital markets, IP sale

    UBS's investment bank beat analyst consensus as capital markets revenue was up sharply year-on-year, while a sale of intellectual property rights resulted in a one-off gain, the bank showed in third quarter results on Tuesday.

  • Closing primary window prompts leveraged credit rush

    Closing primary window prompts leveraged credit rush

    Leveraged companies or sponsors seeking financing are moving quickly to fund in the immediate aftermath of the November 3 US election. Monday morning saw more than €3bn-equivalent of new supply across high yield bonds and loans announced, across six separate issuers.

  • MUFG hires levfin banker to lead capital markets

    MUFG hires levfin banker to lead capital markets

    JP Morgan's Raj Kapadia has joined MUFG as international head of capital markets, as the firm increases its leveraged finance focus. It has also set up a new group to advise clients at the C-suite level on market and macroeconomic developments, led by Tom Joyce, a hire from Deutsche Bank.

  • Crypto firm Ripple starts XRP line of credit service

    Crypto firm Ripple starts XRP line of credit service

    Ripple, the US cryptocurrency company, has launched a line of credit available to some of its customers, as corporate financers say that blockchain technology will likely continue to create new services associated with traditional banking.

  • Buy it now: Barclays and Citi unveil eBay Classifieds loan

    Buy it now: Barclays and Citi unveil eBay Classifieds loan

    Barclays and Citi have begun syndication of the loan backing Adevinta’s purchase of eBay Classifieds, one of the largest EMEA M&A deals agreed this summer. The banks are marketing €1.33bn of term loans, with a bond deal to follow shortly.

  • Putting the 'K' in capital markets

    Putting the 'K' in capital markets

    The coronavirus crisis will continue to lead to divergence in economic fortunes, and that will play out in European capital markets as well.

  • CapVest unveils loan for Curium plan B

    Pre-pandemic, mid-market private equity firm CapVest was gearing up to sell its portfolio company Curium, in a €3bn auction which attracted interest from CVC, Bain and Nordic Capital. Covid collapsed the sale process, prompting a plan B for the asset — sell it to themselves.

Leveraged loans news archive