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7 results found Showing page 1 of 1

  • Hertz Global creditors turn to Gibson, Evercore

    Company working with PJT, Oliver Wyman, and AlixPartners. Hertz replaced board of director members in early October
     

    13 hours ago

  • Private credit funds find their own version of a CLO reset
    The private credit secondaries market has seen a rush of activity in recent years, driven by general partner-led deals. These private credit general partners can recruit private credit secondaries investors to essentially reset the clock on an older vintage fund and present an early exit option for limited partners in the existing fund

    20 days ago

  • New Mountain refinances rated feeder
    Wells Fargo arranged the repricing of Guardian IV Rated Feeder I, in a deal valued at just over USD 178m

    1 month ago

  • 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

    1 year 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.

    7 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

7 results found Showing page 1 of 1

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