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  • The emergence of second-lien loans was a major talking point at the conference, as investors weighed up both the tightened terms and what will happen in the event of default.
  • Rumble in the Roosevelt... Things got a little heated between Howard Tiffen, managing director and senior portfolio manager for Van Kampen Investments, and Peter Vaky, managing director and head of syndicated finance for SunTrust Robinson Humphrey Capital Markets, when Tiffen challenged Vaky over how allocations are carved up.
  • Deerfield Capital Management's senior staff will stay following Triarc Companies investment in the Chicago-based CDO manager. Gregory Sachs, ceo, Scott Roberts, president, and Jonathan Trutter, cio, will remain in their current roles.
  • Swift Energy Co. increased the size and extended the maturity of its revolver to get ahead of maturities and have some firepower in case of a potential acquisition, according to Scott Espenshade, Swift's director of investor relations.
  • Robert Guttschow, managing director and senior portfolio manager at Lotsoff Capital Management in Chicago, recently joined Nuveen Investments, also in the Windy City.
  • Citigroup adjusted the structure and pricing for Revlon Consumer Products Corp.'s new bank loan, but investors who had committed at the originally floated terms are still more than happy as long as they get a decent allocation, one buyer said.
  • Syndication launched last week for the $1.1 billion term loan backing The Jean Coutu Group's acquisition of the Northeast and mid-Atlantic Eckerd Corp. stores.
  • The increasing use of credit default swaps in the loan market is raising concerns over how to control private information from flowing into the public markets and loan participants want to get ahead of the development before the Securities and Exchange Commission takes an interest.
  • Allegheny Energy made a move from 101 to nearly 102 in trading as a number of energy and wireless names moved higher.
  • Laurie Zeller, portfolio manager at Fannie Mae in Washington, will leave the firm to join Bear Stearns as a managing director in New York.
  • Bank loan investors should take a look at the European distressed debt market and power project finance debt as opportunities narrow in the U.S., said speakers at a pair of conferences held simultaneously last week at the Roosevelt Hotel in midtown Manhattan.
  • The Vanguard Group is changing the names of four corporate bond funds to give them increased flexibility to invest outside of the corporate universe, according to Bob Auwaerter, head of fixed income in Malvern, Pa.