Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept cookies
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • China grants billions in bailouts as Belt and Road Initiative falters
    • Generative AI set to affect 300mn jobs across major economies
    • Military briefing: why Ukraine wants to neutralise Russia’s bases in Crimea
    • Western groups leaving Russia face obligatory donation to Moscow
    • ‘Injured and hurting’: Israel roiled as Netanyahu is forced to retreat
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Banks in turmoil
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • JPMorgan’s Jamie Dimon to be deposed in Epstein lawsuits
      • Tesla cars lose value faster than rival models after price cuts, data shows
      • How family-controlled First Citizens became a top-20 US bank
      • Sergio Ermotti returns as UBS chief to steer Credit Suisse takeover
      • BoE governor Andrew Bailey dismisses chances of financial crisis
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • Live news updates from March 28: Dimon to be deposed in Epstein lawsuits, Alibaba to split into six
      • US charges Sam Bankman-Fried with bribing Chinese officials
      • Top ECB official claims CDS market ‘contaminates’ bank stocks and deposit flows
      • BoE governor Andrew Bailey dismisses chances of financial crisis
      • Cheap FTX crypto tokens were offered to Genesis executives
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • Lex
      • Obituaries
      • Letters
      Most Read
      • We are all secretaries now
      • Western voters won’t give up the peace dividend
      • Monetary policy is not solely to blame for this banking crisis
      • Can I get my house back from my daughter?
      • A new technology boom is at hand
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • Matthew Desmond: ‘America does so much more to subsidise affluence than alleviate poverty’
      • Culture clash: the challenge of uniting fierce rivals UBS and Credit Suisse
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • At LVMH, the legendary Gérald Genta brand is born again
      • Everything I, an Italian, thought I knew about Italian food is wrong
      • A Land Rover, a rooftop tent and the remote beauty of Northumberland
      • Ravenous by Henry Dimbleby — hungry for change
      • Turbocharge your two-wheeler with this new tech
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Leveraged loans

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Tuesday, 28 March, 2023
      Private credit
      Big debt investors dealt blow in mattress maker bankruptcy ruling

      Serta Simmons court decision is milestone in ‘creditor-on-creditor violence’ litigation

    • Tuesday, 7 March, 2023
      News in-depthPrivate credit
      Private credit groups cut out banks with largest direct loan

      Apollo and Blackstone among those poised to provide $5.5bn of debt to buyout group for purchase of 50% stake in Cotiviti

    • Tuesday, 28 February, 2023
      Oaktree Capital Management LP
      Oaktree Capital moves into leveraged buyout lending with $10bn fund

      Credit investor is latest private lender aiming to fill void left by Wall Street banks

    • Tuesday, 28 February, 2023
      Libor transition
      Over $1tn of risky US loans still shackled to Libor as deadline looms

      Borrowers and lenders in $1.4tn leveraged loan market scrap over fine print of replacing scandal-hit benchmark

    • Monday, 27 February, 2023
      Debt overhang from Citrix LBO lures investors despite market sell-off

      Wall Street banks seek to offload billions from one of biggest ‘hung deals’ of 2022

    • Friday, 24 February, 2023
      Inside BusinessEllen Carr
      The new LBO market: it’s gone private

      Increasing shift to non-public financing raises risks over the transparency of companies and their debt

    • Monday, 20 February, 2023
      LexPrivate equity
      Private equity payouts: higher rates do not halt dividend recapitalisations Premium content

      Recent US employment and inflation data hint that US rates will not fall soon

    • Wednesday, 15 February, 2023
      News in-depthCapital markets
      $50bn credit fund caught on both sides of distressed debt dispute

      Angelo Gordon’s positions differ in contested Revlon and Serta Simmons bankruptcies

    • Thursday, 2 February, 2023
      Mergers & Acquisitions
      Dealmakers tackle rising rates with new pitch: take the debt with you

      ‘Portable capital structures’ avoid need to refinance in tough environment for corporate takeovers

    • Tuesday, 3 January, 2023
      US junk loan investors brace for increase in downgrades and defaults

      Lower demand for risky corporate debt could threaten companies’ ability to refinance

    • Tuesday, 20 December, 2022
      Mergers & Acquisitions
      Sixth Street leads $2.3bn debt package for Maxar Technologies buyout

      Deal to help fund satellite operator’s takeover edged out a competing loan offer from Wall Street banks

    • Saturday, 17 December, 2022
      Twitter Inc
      Musk seeks to sell Twitter shares in search of new funds

      Investors approached to purchase stock at $54.20 buyout price as social media company bleeds cash

    • Friday, 16 December, 2022
      LexPrivate equity
      Advent/Maxar: when LBO loses its leverage Premium content

      Making large equity investments in a single company can be a risky strategy

    • Tuesday, 13 December, 2022
      Elliott Management Corp
      Elliott buys Nielsen debt, backing its own takeover

      Investment by group comes weeks after it spent $1bn buying junk bonds tied to its takeover of Citrix

    • Monday, 5 December, 2022
      News in-depthMarkets volatility
      Financial instability: the hunt for the next market fracture

      Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt

    • Tuesday, 22 November, 2022
      News in-depth
      US banks use thaw in markets to shift ‘hung loans’ off their books

      Investors nibble on debt of companies less exposed to economic slowdown but avoid riskier groups

    • Monday, 17 October, 2022
      Lex
      CLOs: senior holders have less to fear than sellers Premium content

      2021 was a record year for US collateralised loan obligations

    • Monday, 17 October, 2022
      Nochu says no

      The CLO whale is on a diet

    • Saturday, 24 September, 2022
      Capital markets
      ‘Bloodbath’: Citrix buyout debt sale casts shadow over pending deals

      Deep discounts to offload bonds and loans in software maker’s LBO cost banks $600mn

    • Tuesday, 20 September, 2022
      Citrix Systems Inc
      Banks struggle to offload Citrix debt glut in sign of weak credit market

      Deal reflects difficulties raising funds as the economy turns and interest rates climb

    • Thursday, 15 September, 2022
      News in-depthCitrix Systems Inc
      Investors on edge before $15bn debt sale to fund Citrix buyout

      Low demand for bonds and loans is Wall Street ‘canary’ as inflation risks rock capital markets

    • Thursday, 8 September, 2022
      Lex
      Citrix financing: spread thick, LBO debt makes toast of Wall St profits Premium content

      Leveraged lending risks are spelling themselves out but it remains an attractive business

    • Thursday, 8 September, 2022
      Capital markets
      Banks try to offload $15bn of Citrix buyout debt to ‘gun-shy’ investors

      Wall Street lenders expected to generate significant losses after agreeing to fund deal before economic slowdown

    • Tuesday, 9 August, 2022
      LexAvaya Inc
      Avaya: messy rescue financing shows an earlier reckoning was in order Premium content

      US telecom company’s market worth has fallen to under $100mn, squashed by $3bn of debt

    • Tuesday, 19 July, 2022
      LexPrivate equity
      Buyout debt: The moving business gets back to work Premium content

      Some movers just don’t have the appetite for storage

    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT Live EventsFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition

    Top sections

    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Banks in turmoil
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports

    FT recommends

    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Live Events
    • FT Forums
    • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In