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4 results found Showing page 1 of 1

  • Direct lending competition erases refinancing premium
    Historically, new LBOs resulted in cheaper pricing, but spreads for refinancing and recapitalization deals have tightened as direct lenders face a lack of deployment opportunities

    11 months ago

  • Direct lenders agree to PIK as borrowers feel tariff pressure
    Borrowers are facing stress and asking direct lenders for the option to use payments-in-kind instead of cash for interest payments, leading to debate over whether PIK use aids recovery or simply obscures financial stress

    1 year ago

  • Prepayments pose reinvestment dilemma for CLO managers
    CLO managers globally could be left sitting on piles of cash amid an uptick in loan prepayments. Standard & Poor’s reported that institutional US loan prepayments had hit $26 billion in July, and more recently some widely-held CLO names are set to return principal to lenders, with financial data provider Refinitiv US Holdings and Italian telecom operator Wind Tre taking this route.

    6 years ago

  • Staples CDS comes unfastened as refinancing talks begin
    CDX HY index constituent Staples is one of the biggest movers in CDS this week, following reports private equity owner Sycamore Partners plans on taking a $1 billion dividend recap from the US headquartered office supplier

    7 years ago

4 results found Showing page 1 of 1

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