Latest leveraged loan news

• CLO resets needed to build ‘runway’ for downturn

  

  Tom Majewski, chief executive of US CLO equity investment firm Eagle Point, said on Tuesday that the firm was focused on resetting existing CLOs in which it held majority equity positions, in order to improve the arbitrage in the structures and also build “runway” for the company to benefit when the loan market eventually suffers a downturn.

  • 15 Aug 2018

• US investors peek at Europe’s levfin debt to grab spread growth on similar risk

  

  Recent cash flows from funds buying European corporate bonds and loans with speculative grade ratings have increased with support from US investors, as markets get ready for the second half of the year.

  • 15 Aug 2018

• US levfin volumes jump after strong earnings season

  

  Both the US high yield and leveraged loan markets absorbed a flurry of deals at the end of last week after second quarter results painted a strong picture for corporate earnings.

  • 13 Aug 2018

• Wider spreads here to stay, say leverage finance investors

  

  Buyers of speculative grade debt in Europe have entered August with renewed confidence and the hope that spreads can hold their recent widening during the second half of the year.

  • 08 Aug 2018

• Frontier hit with downgrade after earnings disappoint

  

  S&P Global Ratings downgraded telecoms company Frontier Communications to triple-C status on Friday, swelling the proportion of the low-rated bucket in CLOs holding the debt.

  • 06 Aug 2018

• Imerys Toiture opens second lien for demanding lev loan investors

  

  The financing for the €1bn acquisition of roofing business Imerys Toiture to Lone Star Funds was revised this week to include a subordinated debt tranche, as levfin investors still active in August pocket riskier but higher yielding paper.

  • 02 Aug 2018

• July unusually quiet for US corporate borrowers

  

  Across the credit spectrum, US corporate borrower inactivity made for a July that was exceptionally quiet, compared to typical summer volumes.

  • 01 Aug 2018

• European leveraged finance markets already hot for August

  

  Europe’s leveraged finance markets are having a hard time slowing down for the traditional summer break. Investors are willing to keep deploying cash and issuers are responding, with several deals scheduled to be priced in the next two weeks.

  • 01 Aug 2018

• Aharoni joins for TMT as Barclays keeps up banking hires

  

  Daniel Aharoni has started at Barclays as a managing director in its telecoms, media and technology team for Europe and the Middle East (EME).

  • 01 Aug 2018

• Levfin set for lively August, IG keeps the pressure on

  Europe’s leveraged finance markets are having a hard time slowing down for their traditional summer break. Investors are willing to keep deploying cash and issuers are responding, with several deals scheduled to be priced in the next two weeks.

  • 01 Aug 2018

Leveraged loan news archive