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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Credit Suisse First Boston will launch syndication tomorrow of the $130 million facility backing management and Gilbert Global Equity Partners' acquisition of True Temper Corp. from Cornerstone Equity Investors.
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Clayton Dubilier & Rice has tapped Deutsche Bank, Citibank and Bank of America to lead the financing backing its $1.65 billion acquisition of VWR International, a subsidiary of Merck KGaA.
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Morgan Edwards, an executive director in senior bank loan sales at Morgan Stanley, is leaving the firm.
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The financing backing The Blackstone Group's E3.1 billion acquisition of German chemical company Celanese will include a term loan as well as a three-tranche bridge facility, attracting hedge funds in addition to traditional loan investors.
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Allegheny Energy has launched a $1.6 billion loan package that will target institutional investors because its corporate credit rating is too submerged in junk territory for typical utility lenders.
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When do you expect the Federal Reserve to raise rates and why? We do not expect any Fed tightening until the middle of 2005. We think Fed officials will be patient, because it will take a long time for the economy to use up its excess slack. And, that is necessary to push inflation higher. The Fed is in a reactive rather than preemptive mode because inflation is below the level that is desired.
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Boyd Gaming Corp. has yet to decide the lead banks and structure on the financing backing its $1.3 billion merger with Coast Casinos.
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More juice was added to the second lien of Microcell Telecommunications' bank facility last week, while the first lien oversubscribed.
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HSBC Securities USA has hired Walter Travalja, previously of Cantor Fitzgerald, as a managing director and head of securities finance for North America.