Latest news
Latest news
Ares middle market deal in 2025 was the first CLO incorporated in Luxembourg
Banker had been at NatWest for three years
New hire to be US head of digital infrastructure finance for combined firm
More articles
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Ares Capital is buying a $150 million portfolio of first and second lien senior secured loans, mezzanine debt and equity coinvestments from Royal Bank of Canada after raising $165 million through selling shares in a newly formed business development corporation (BDC).
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Centre Pacific is targeting growth in leveraged loans and asset-backed securities and has brought on board Joan Farrell from Union Bank of California as a senior trader.
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Credit Suisse First Boston is launching a $460 million bank deal to back a $398 million dividend to the private-equity owners of Lake Las Vegas Joint Venture-Ron Boeddeker and Bass Holdings. -
The acquisition of BT Alex Brown by Deutsche Bank led to the departures of Chris Howe, a director in sales and Mary Ellen O' Malley, a director in syndications.
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Homebuilding companies are significantly increasing their revolving credit lines in order to sustain big year-on-year gains.
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Investors are reacting positively to the bank debt backing First Reserve Corp.'s $1.25 billion acquisition of Dresser Rand Co. from Ingersoll Rand Co. Citigroup, Morgan Stanley and UBS launched the deal last Monday, with a $295 million seven-year "B" loan being offered at LIBOR plus 2 1/2% and a $100 million euro tranche priced at LIBOR plus 2 3/4%.
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Bank of New York launched syndication last Wednesday for a $75 million credit backing LeCroy Corp.'s $81 million acquisition of Computer Access Technology Corp.
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UBS is in the market with bank deals backing JLL Partners' leveraged buyout of CHI Overhead Door and the $768 million acquisition of Horizon Natural Resources Company by International Coal Group.
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Brendan Lavelle, managing director in charge of interest-rate swaps and U.S. government trading at Morgan Stanley, has joined UBS Principal Finance as managing director in the interest-rate trading group.
