Private Equity >>>
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.
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.
The U.S. default rate will end this year at 2.3 percent, up from 2.2 percent at the end of 2013 and down from 2.7 percent in the third quarter, according to Moody’s. Europe is expected to see the biggest fall in defaults, to 2.1 percent at year-end, from 3.6 percent in the third quarter of 2013. Click [...]
Skadden Arps, Davis Polk are up, Kirkland & Ellis is down. Click HERE for more.