Leveraged loan deals are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about...
- Leveraged loan deal s are expected to pick back up after a stabilization in markets over the past week, although some investors say they are cautious about junk-rated loans if the economy weakens.
At least two leveraged loan deals hit the market on Tuesday, including a $160 million add-on to virtual dataroom Datasite’s cross-border term loan and a $253 million repricing of for-profit education operator Adtalem Global Education’s term loan, according to PitchBook. Datasite and Adtalem did not immediately respond to a request for comment.
"For leveraged loans, a wave of volatility did throw a wrench into the works for the loan primary... forcing several opportunistic transactions to the sidelines," said Marina Lukatsky, global head of credit research at Pitchbook. "In the loan market, there were a number of repricings refinancings that were either pulled or just didn’t launch...we could see some of those come back," he said.
Term Loan Jetblue Airways Pitchbook Loan Deal Informa Global Markets Loan Market
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits marketsMaking leveraged bets on Nvidia is likely to get much riskier if Wall Street's tech-led selloff continues. Exchange-traded funds (ETFs) designed to magnify ...
Read more »
Leveraged Nvidia ETFs ramp up investor risk as tech turbulence hits marketsWhile the stock’s roughly 130% year-to-date rally has rewarded bullish bets, recent turbulence in tech shares could amp up the risk for traders seeking to profit from Nvidia’s gyrations
Read more »
ION Analytics Shelves $500 Million Loan Amid Market Swings(Bloomberg) -- ION Analytics, a unit of Andrea Pignataro’s ION Group, has pulled the plug on a $500 million leveraged loan deal it had been marketing to...
Read more »
Investors expect market selloff will slow, stretch and spreadBy Thursday, market volatility had subsided but stock markets struggled for direction and investors tried to guess how many more yen-funded leveraged trades remained to be unwound
Read more »
Focus Financial Partners postpones US$3.65B term-loan dealA US$3.65 billion term-loan package for Focus Financial Partners has been postponed, the third such instance this week for a U.S. leveraged-loan deal as global market tumult of recent days has curbed debt market issuance.
Read more »
Private Credit Is Eyeing Bigger Margins on Loans: Credit Weekly(Bloomberg) -- The turmoil in global markets this past week is causing private credit funds to question whether they should reconsider the ever-tighter loan ...
Read more »