Leveraged/non-investment Grade

  • MUFG hires levfin banker to lead capital markets

    MUFG hires levfin banker to lead capital markets

    JP Morgan's Raj Kapadia has joined MUFG as international head of capital markets, as the firm increases its leveraged finance focus. It has also set up a new group to advise clients at the C-suite level on market and macroeconomic developments, led by Tom Joyce, a hire from Deutsche Bank.

  • Inventec boosts loan to $500m

    Inventec boosts loan to $500m

    Taiwan-based notebook computer maker Inventec has increased the size of its revolving loan to $500m after attracting 11 participants during syndication.

  • Crypto firm Ripple starts XRP line of credit service

    Crypto firm Ripple starts XRP line of credit service

    Ripple, the US cryptocurrency company, has launched a line of credit available to some of its customers, as corporate financers say that blockchain technology will likely continue to create new services associated with traditional banking.

  • Buy it now: Barclays and Citi unveil eBay Classifieds loan

    Buy it now: Barclays and Citi unveil eBay Classifieds loan

    Barclays and Citi have begun syndication of the loan backing Adevinta’s purchase of eBay Classifieds, one of the largest EMEA M&A deals agreed this summer. The banks are marketing €1.33bn of term loans, with a bond deal to follow shortly.

  • Putting the 'K' in capital markets

    Putting the 'K' in capital markets

    The coronavirus crisis will continue to lead to divergence in economic fortunes, and that will play out in European capital markets as well.

  • CapVest unveils loan for Curium plan B

    Pre-pandemic, mid-market private equity firm CapVest was gearing up to sell its portfolio company Curium, in a €3bn auction which attracted interest from CVC, Bain and Nordic Capital. Covid collapsed the sale process, prompting a plan B for the asset — sell it to themselves.

  • Gold top: cream of direct lending biz covers up pain beneath

    Gold top: cream of direct lending biz covers up pain beneath

    Large deals and fundraising from a clutch of elite direct lenders, alongside high profile tie-ups with sovereign wealth funds, have prompted many to characterise direct lending as enjoying a golden age. But the success of some funds looks set to come at the expense of many others, writes Silas Brown.

Leveraged/non-investment grade loans news archive