Latest news
Latest news
Gramazio becomes a managing director after working at the rating agency since 2020
Claim that fees put off institutional investors denied
Meanwhile, BNP Paribas hires in structured finance
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Managers of senior secured floating rate loan funds are continuing to build assets through the retail route with new launches and significant inflows into existing funds.
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Pacific Investment Management Co., Rydex Investments and ProFunds Advisors are among the buy-side firms touting the benefits of their defensive bond funds in the face of higher interest rates.
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Syndication kicked off last Thursday for Harbor Freight Tools' $490 million recapitalization.
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J.P. Morgan and Bear Stearns launched syndication last Tuesday for a $145 million credit for Resolution Specialty Materials.
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Citigroup and Bank of America are in the market with a $275 million add-on "B" loan for Ardent Health Services that backs a couple of acquisitions.
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Citigroup Global Markets has shuffled part of its high-yield research coverage.
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A bank meeting was held last Wednesday to begin syndication of a $785 million credit for Foundation Coal Corp.
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Syndication is set to launch tomorrow for a $255 million facility for sweetener manufacturer Merisant Co.
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Credit Suisse First Boston is pitching a rarely seen three-lien credit structure for PlayCore, a portfolio company of Chartwell Investments.