Latest News

Cheniere Energy Closes $250M Convertible

August 18, 2008 – Houston-based Cheniere Energy said today that it has closed a $250 million senior secured convertible loan agreement with GSO Capital Partners...

State Street PM Heads To PPM America

August 14, 2008 – Scott Richards, formerly a high yield portfolio manager at Boston’s State Street Global Advisors, has joined PPM America in Chicago...

Uno Takes Bond Payment Off The Menu

August 13, 2008 – Uno Chicago Grill is famous for its deep dish pizza, but its pockets are apparently not deep enough to make a bond payment this Friday. Its parent company will miss a payment and...

• Babson Capital Closes Two CLOs
• Unitranche Funds Find Strong Demand
• Looking For Killing: GSO Buy RBS Hung Debt

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Features

BofA, Scotia Ready $2.9B Facility For Ashland

August 18, 2008 – Bank of America and Scotia Capital are arranging a $2.9 billion credit facility for Ashland, a Covington, Ky.-based chemical company that makes resins, polymers and adhesives...

Midmarket Cos Pick Odd Time To Lever Up

August 18, 2008 – Credit is tight, revenues are falling and prices are skyrocketing. Sounds like the perfect time to lever up, right? As crazy as that seems, that is exactly what some midmarket companies are doing...

HY Investors Waiting Out Doldrums

August 18, 2008 – High yield bond investors are waiting out the summer, keeping the market relatively lethargic and semi-somnolent. Observers describe the high yield world as essentially bifurcated...

Atkinson Leads RBC Charge Into Europe

August 18, 2008 – Under the direction of Nick Atkinson, Société Générale is set to lead leveraged loan deals and prove that one bank's loss may well be another's gain...

PMs Pick And Choose On The Secondary

August 18, 2008 – With the primary high yield bond market virtually comatose, portfolio managers who haven't taken off for the beach continue to scour the secondary market for deals...

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