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    Leveraged loans

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    • Wednesday, 31 May, 2023
      Libor transition
      Loan market braced for rush to Libor finish line

      At least $700bn of junk loans are still priced using lending benchmark, just 30 days before the rate is set to expire

    • Tuesday, 30 May, 2023
      News in-depthHigh yield bonds
      Wall Street banks re-enter junk debt market

      Lenders return to funding leveraged buyouts after painful year in which fees were hit hard

    • Tuesday, 9 May, 2023
      Due Diligence
      Debt worries ripple through Milken’s dealmaking soirée Premium content

      Plus, Warren Buffett’s successor gets comfortable with the limelight

    • Wednesday, 26 April, 2023
      News in-depthBankruptcy
      ‘Tyranny of the majority’: creditor infighting comes to $1.4tn leveraged loan market

      Serta Simmons bankruptcy ruling has opened the door to aggressive new tactics

    • Tuesday, 25 April, 2023
      Inside BusinessSujeet Indap
      Fallen hedge fund star seeks to reinvent himself as thought leader after jail term

      Dan Kamensky returns to distressed debt markets to shine light on industry’s hardball tactics

    • Tuesday, 4 April, 2023
      Citrix Systems Inc
      Wall Street suffers $1.5bn loss on Citrix buyout loans

      Goldman Sachs, Bank of America and Credit Suisse unload remnants of deal struck in the easy money era

    • 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

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