Private Equity
1 min read · 22 May 2008
3 min read · 22 May 2008
2 min read · 22 May 2008
3 min read · 22 May 2008
The debt backing the buyout of Alliance Boots is finally back in play. Not all underwriters are selling, and not all debt is up for grabs. Leverage is available, though apparently not to every investor.
5 min read · 22 May 2008
The once staid loan market continues to be rocked by the credit crunch fall-out. In exiting the bank syndicate backing the merger of Lyondell and Basell ahead of syndication, Citi has further stretched the boundaries of acceptable behaviour. The lead left bank arranger sold its exposure to a US$9.45bn term loan B in an unprecedented solo run that left some of its co-arrangers reeling. Donal O'Donovan and Michelle Sierra Laffitte report.
5 min read · 08 May 2008
3 min read · 08 May 2008
Private equity firms are looking further afield for investment opportunities by targeting high-yielding loans and bonds. Their enthusiasm doesn't come as a surprise given that the leveraged loan market is for sale and they are among the few players at the table with cash. Michelle Sierra Laffitte and Joy Ferguson report.
4 min read · 08 May 2008
1 min read · 08 May 2008
1 min read · 08 May 2008
