Leveraged Finance >>>
B&G Foods may take advantage of low funding rates for debt financed takeovers this year, said CEO David Wenner. Click HERE for more.
Royal Caribbean Cruises plans to repay about $526 million of ship-related debt due this year, according to CFO Jason Liberty. Click HERE for more.
View interactive chart - Legacy of TXU, the Largest Buyout in History, Will Likely Be Creditor Melee
The Federal Reserve’s release of transcripts from its 2008 policy meetings on Friday provide new detail on policymakers’ thinking during this critical period. Here are three lessons the market can take away from these transcripts, which cover the Fed’s expansion of its policy tools as the credit crunch of 2007 grew into the Great Financial Crisis of 2008-2009. Inside –– Bloomberg Economist Josh Wright [...]
European corporates have launched 4.4 billion euros equivalent of covenant-light loans in the U.S. market year to date, adding to 1.1 billion euros signed since Jan. 1. Click HERE for more.
United Continental Holdings plans to fund the delivery of 36 aircraft from Boeing this year with a combination of enhanced equipment trust certificates and borrowings from banks, said Treasurer Gerald Laderman. Click HERE for more.
More speculative-grade U.S. loans are trading above par than at any time since May, JPMorgan data show. Click HERE for more.
Linn Energy, the company that bought Berry Petroleum for $4.3 billion, may repay debt it incurred from the deal that’s due this summer with its line of credit, said CFO Kolja Rockov. Click HERE for more.
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Federal-Mogul, the auto-parts supplier controlled by billionaire investor Carl Icahn, expects to refinance a $1.6 billion term loan before it matures in December, said CFO Rajesh Shah. Click HERE for more.