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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Joseph Gaziano, pass-through trader at Morgan Stanley in New York, has joined Citigroup as a director in a similar role.
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J.P. Morgan and Wachovia Securities pulled the repricing of Empi's "B" loan after The Carlyle Group sold the company to Encore Medical Corp. for about $360 million.
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Merrill Lynch has opened an institutional fixed-income sales office in Nashville, Tenn., as part of an increased focus on middle-market clients.
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Bank of New York last week syndicated Millennium Radio Group's new $135 million credit facility to existing lenders and is holding a bank meeting this week to offer the credit to others.
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Bank of America and Citibank last week launched syndication of a $1.05 billion credit backing The Blackstone Group's $1.75 billion buyout of Vanguard Health Systems.
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Borrowers have been slashing hundreds of millions of dollars in interest costs as banks aggressively pursue their own clients and each other's.
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Apollo Investment Corp. has invested $187 million in first and second-lien senior secured bank debt in the last 12 weeks and plans on investing another $630 million in bank debt and mezzanine by March.
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Scotia Capital and CIBC World Markets are going out to existing lenders on Alimentation Couche-Tard's "B" loan to cut the spread by 50 basis points to LIBOR plus 1 3/4%.