The $1.3 trillion leveraged loan market is facing a shakeup as investors begin to lose faith in the value of the assets used to back the large debt facilities that many large yet struggling companies use to finance operations and growth, Bloomberg...
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January 04, 2019, 08:19 AM
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With three-quarters of all new loans considered "covenant-lite," lenders are now eyeing deals that include too many additional protections with suspicion, according to a report from Bloomberg. The report notes that lenders are favoring lenient terms...
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September 25, 2017, 07:42 AM
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Poorly structured covenant-lite loans today make up a much larger proportion of the U.S. leveraged loan market than they did before the credit crisis, and this does not bode well for investor recoveries during the next downturn, Moody's Investors...
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May 24, 2017, 07:45 AM
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Mueller Water Products, Inc. announced that it has successfully refinanced its long-term debt and reduced its total debt outstanding.As part of the refinancing transactions, the company has entered into a new $500 million senior secured term loan...
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November 26, 2014, 07:11 AM
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U.S. covenant-lite loans have made a significant comeback in the leveraged finance market reflecting investor willingness to take on more risk in exchange for higher yields, according to a report by Fitch Ratings.
Year-to-date, covenant-lite loan...
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November 26, 2012, 07:01 AM
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