Latest news
Latest news
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
Debut manager is launching a CLO platform building on leveraged loan market experience
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Hyperion Capital Management recently added a professional to help evaluate its investment in sub-prime mortgage assets.
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Investment and commercial banks and collateralized loan obligations are increasingly competing for lending business on commercial and industrial (C&I) loans.
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J.P. Morgan is syndicating a $115 million credit for Pro Mach.
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Fitch Ratings has snapped up Eric Tutterow, group v.p. in high yield, and Phelps Hoyt, senior v.p. and cfo at KDP Investment Advisors, for its Chicago office as part of an overall expansion of its U.S. high-yield coverage.
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Bain Capital is reportedly buying dollar-store company Dollarama and has tapped Citigroup to lead the financing.
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The Royal Bank of Scotland is continuing to bulk up, bringing on board Andrew Rothstein as a senior v.p. in its loan markets group from Merrill Lynch Capital and Chad Hersch as an associate v.p. loan salesman from Credit Suisse First Boston.
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Syndication of the credit backing The Cypress Group and Goldman Sachs Capital Partners' $1.165 billion acquisition of Cooper-Standard Automotive has been delayed until after Thanksgiving due to an injunction on the sale.
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Citigroup and Barclays last week launched syndication of Thomson Media's new credit with the first lien being offered at LIBOR plus 2 3/4% and the second lien going out at LIBOR plus 6%.