Private Equity >>>
After last year’s record-setting pace of U.S. bond and loan issuance, activity has slowed in the biggest leveraged finance market, partly because of diminished need to refinance. In Europe, funding costs hit an all-time low, though borrowing was also less than in 2013. In both markets, funding costs remained near all-time lows while riskier structures – like second lien – and looser [...]
Deluxe Corp. plans to repay $253.5 million of bonds due Oct. 1 with cash and its revolving credit line, CFO Terry Peterson said. Click HERE for more.
Freescale Semiconductor will evaluate whether to reprice a term loan when the cost of doing so drops in September and may refinance bonds next year as it seeks to further cut interest costs, said Treasurer Steve Goel. Click HERE for more.
Kratos Defense & Security Solutions may seek to refinance bonds in June when an early payment penalty declines, according to Chief Executive Officer Eric DeMarco. Click HERE for more.
Advent International Corp., which has invested in Latin America since 1996, will likely seek about $2 billion for its next fund focused on the region, according to two people familiar with the situation. Click here to read the entire article.
Hill International may refinance a 7.5 percent second-lien loan with a term loan or its inaugural bond offering this year, said company President David Richter. Click HERE for more details.
Diamond Castle Holdings LLC, started by a group of executives from DLJ Merchant Banking Partners, expects to give investors the choice of exiting its 2006 fund, according to three people familiar with the situation. Click here to view the entire article.
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Companies are borrowing through more junior-ranking loans than ever before, helping to fund buyouts and payouts to private-equity firms. Click HERE for more.
A.M. Castle aims to save more than $20 million of annual interest costs by refinancing 12.75 percent bonds in the second half of this year, said Chief Financial Officer Scott Stephens. Click HERE for more.