Versana announced the addition of four new leading banks – Deutsche Bank, Morgan Stanley, U.S. Bancorp and Wells Fargo – as investors in its industry backed, digital data and technology platform transforming the $5 trillion syndicated loan market....
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March 29, 2023, 07:35 AM
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Octaura, the electronic trading platform for syndicated loans, appointed Howard Cohen as Head of Loan Execution. In this role, Cohen will be responsible for leading the platform's growth and integration strategies and is a member of the Octaura...
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March 01, 2023, 07:05 AM
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Antares Capital announced that Seth Katzenstein has joined the firm as Managing Director and Head of Broadly Syndicated Loans to build the firm’s broadly syndicated loan (“BSL”) business. Katzenstein will be based in New York and report to Vivek...
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January 11, 2023, 08:00 AM
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The average net loss for portfolios of U.S. broadly syndicated loan (BSL) CLOs under Fitch's surveillance steadied in October at -1.4%, even while 2020 vintages reduced their average net gain, Fitch shows in its latest Monthly U.S. CLO Index. The...
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November 19, 2020, 07:30 AM
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Syndicated loan issuance to U.S. middle market firms jumped 48% in the second quarter of 2019 following a slow start during the first three months of the year. That's according to a report from Reuters that said loan totals reached $39.6 billion...
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July 15, 2019, 09:00 AM
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Total System Services, Inc. entered into a Credit Agreement with Bank of America, N.A., as Administrative Agent and L/C Issuer, JPMorgan Chase Bank, N.A., as Syndication Agent, MUFG Bank, Ltd., Capital One, N.A., Regions Bank, SunTrust Bank, TD Bank...
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April 24, 2018, 07:10 AM
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Industrial Logistics Properties Trust announced that the syndication of its $750 million unsecured revolving credit facility has closed.
The maturity date of the credit facility is December 29, 2021, with the option to extend the maturity date for...
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March 20, 2018, 07:24 AM
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U.S. syndicated loan issuance broke $2.5 trillion in 2017 for the first time, beating 2013’s $2.14 trillion record, Thomson Reuters LPC reports. The surge in new lending was driven by refinancing volume of $1.7 trillion. Refinancings made up 68% of U...
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January 03, 2018, 08:00 AM
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South African chemicals and energy company Sasol has signed a $3.9 billion five-year Revolving Credit Facility, an increase from its existing $1.5 billion Revolving Credit Facility, extended the maturity to five years, with the inclusion of two...
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November 27, 2017, 08:00 AM
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BlueLinx Holdings Inc. a distributor of building and industrial products in the United States, announced it has executed an agreement that provides the company with a new five year, $335 million syndicated secured asset based revolving credit...
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October 10, 2017, 07:22 AM
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Hologic, Inc. announced that the company has entered into an amended and restated credit agreement consisting of a new, five-year $1.5 billion senior term loan and $1.5 billion revolving credit facility.Hologic has used the initial proceeds from the...
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October 04, 2017, 07:11 AM
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U.S. syndicated lending activity reached a record $632 billion in the second quarter, an increase of 2% from the prior record set in the second quarter of last year, according to data published by Thomson Reuters.
However, new lending to support...
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July 05, 2017, 08:30 AM
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Monroe Capital Corporation announced that current loan commitments on its syndicated credit facility led by ING Capital LLC have increased by $40 million to $200 million. As previously disclosed, the Company’s revolving credit facility can expand up...
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February 24, 2017, 07:04 AM
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NewStar Financial, an internally-managed commercial finance company and asset manager, announced its liquid credit platform, NewStar Capital LLC (“NewStar Capital”), completed a $410 million broadly syndicated loan securitization known as Arch Street...
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September 22, 2016, 07:09 AM
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Bank of America Merrill Lynch announced the launch of a new electronic platform, Instinct® Loans, for the secondary trading of syndicated corporate loans. The platform, which is part of the firm’s ongoing commitment to providing liquidity to clients...
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June 09, 2016, 07:39 AM
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Golub Capital announced Joseph T. Wilson Jr. has joined the firm as managing director to expand the firm's existing distribution capabilities.Wilson will be responsible for managing and expanding relationships with buyers of leveraged loans...
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November 06, 2015, 07:09 AM
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