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Latest news
PAG also hires new vice president
Agreement on the EU package could run to December, senior lawyer told conference
Octopus Electric Vehicles has also added to its capital markets team
More articles
More articles
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Cleary is chief investment officer at Standard Asset Management, the London investment arm of South Africa's Standard Bank. -
JP Morgan flexed pricing on a $110 million, seven-year term loan "B" for Diagnostic Imaging last week to LIBOR plus 3 1/2% from LIBOR plus 3%.
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A price change on the $5 billion deal for Kerr-McGee is looking more likely after investors predicted the initial spread would come up short.
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Lehman Brothers is boosting its distressed desk by shifting par loan trader John Gramins to trade stressed and distressed credits.
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Boston-based NewStar Financial, a middle-market commercial finance company, has added three managing directors and just completed a $50 million offering of long-term senior secured notes.
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Deutsche Bank, Goldman Sachs and Lehman Brothers are launching syndication of a credit facility for Penn National Gaming on May 3 to fund the company's merger with Argosy Gaming Co.
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Three high-yield portfolio managers at traditional bond manager Threadneedle Investments in London are leaving to join hedge fund Moore Capital Management in London.
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The term loan "B" for The Carlyle Group's purchase of Verizon Hawaii was increased by $50 million last week.
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Credit Suisse First Boston and Morgan Stanley are leading a four-and-a-half year, $100 million second-lien loan for Werner Co. Lenders are being offered LIBOR plus 10% on the Caa1-rated debt.
