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Leveraged loans

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  • Thursday, 11 February, 2021
    Big US loan fund stumbled in 2020 on airline and shale bets

    Crisis outflows helped strip away Lord Abbett fund’s status as largest in the sector

  • Tuesday, 2 February, 2021
    Cineworld Group PLC
    Cineworld backs down in dispute with lenders over interest bill

    Cinema group risked default in holding out over contested additional costs

  • Tuesday, 19 January, 2021
    Hellman & Friedman LLC
    Verisure taps frothy bond markets for €1.6bn private equity payout

    Swedish security group wraps up historic dividend recapitalisation deal

  • Sunday, 17 January, 2021
    ECB threatens banks with capital ‘add-ons’ over leveraged loan risks

    Policymakers frustrated by some lenders’ lack of action to tighten controls

  • Thursday, 14 January, 2021
    Private equity
    Red-hot markets allow PE groups to load up targets with extra debt

    Private equity buyers take advantage of low yields to pile companies up with borrowings

  • Friday, 11 December, 2020
    News in-depthDirect lending
    UK high street insolvencies ricochet to direct lenders

    Specialists in private company loans face losses as months of pandemic restrictions take toll on already-struggling sector

  • Wednesday, 18 November, 2020
    Markets InsightWilliam Cohan
    Lender civil warfare pierces credit euphoria

    Battles over ‘cov-lite’ loans signal long overdue correction in markets

  • Sunday, 8 November, 2020
    Deutsche Bank AG
    Deutsche Bank rebuffed ECB over call for action on leveraged finance

    Regulator requested suspension of key areas of business amid concern at ‘incomplete’ framework for monitoring risk

  • Thursday, 22 October, 2020
    Fund management
    Asset managers in $300bn drive to build private lending funds

    Investors switch focus to credit funds as alternative to public markets flooded with stimulus money

  • Promoted Content
  • Tuesday, 20 October, 2020
    Lex
    Leveraged loans: the unbearable liteness of covenants Premium

    Can buyers collectively learn their lesson and become more disciplined?

  • Monday, 5 October, 2020
    Direct lending
    HPS raises $9bn as investors race into direct lending

    Large investment vehicle underscores continued demand for riskier loans

  • Thursday, 1 October, 2020
    News in-depthHigh yield bonds
    Covid-linked debt rush ignites direct lending market

    More big companies expected to spurn their banks for $1bn-plus funding deals

  • Thursday, 24 September, 2020
    LexPrivate equity
    Buyouts/portable loans: mind your language Premium

    Private equity groups take advantage of low rate environment to tilt business terms in their favour

  • Thursday, 24 September, 2020
    Private equity
    Private equity owners remove obstacle to M&A deals

    More creditors agree to ‘portability’, meaning they will not have to be paid back if company is acquired

  • Thursday, 17 September, 2020
    LexPrivate equity
    Private equity: quick recap Premium

    Buyout firms should face consequences if companies go bankrupt after paying dividends

  • Thursday, 17 September, 2020
    Private equity
    Private equity owners pile on leverage to pay themselves dividends

    TPG, Apax load companies with loans, seizing on strong demand for high-yielding debt

  • Friday, 26 June, 2020
    FTfmJohn Dizard
    Brookfield Property Partners is vulnerable to a red-ink tsunami

    Highly leveraged property assets will find it difficult to match their past generosity with public investors

  • Wednesday, 24 June, 2020
    Record number of US companies seek relief on loan terms

    Rising debt and falling earnings have pushed riskier borrowers to ask lenders for flexibility

  • Friday, 19 June, 2020
    FTfmJohn Dizard
    A bloodbath awaits commercial property investors

    First wave of purchases of distressed real estate assets will prove particularly bad

  • Wednesday, 17 June, 2020
    Private equity
    Bridgepoint to buy private equity firm EQT’s €3.9bn credit business

    Deal would create €7bn lender as companies hit by pandemic seek fresh financing

  • Monday, 8 June, 2020
    ExplainerCharts that Matter
    Investors fret as leveraged loan market gets junkier

    Lowest-rated loans proliferate after downgrades outnumber upgrades by 43 to 1

  • Friday, 5 June, 2020
    News in-depth
    Brighter outlook prompts banks to move mountains of ‘hung’ loans

    Lenders anxious to offload debt linked to megadeals struck before Covid crisis

  • Friday, 22 May, 2020
    News in-depthCorporate bonds
    Debt investors lay claim to islands, cruise ships and theme parks

    Companies pledge all manner of assets as collateral for Covid-19 rescue deals

  • Wednesday, 20 May, 2020
    Due Diligence
    Private equity’s bailout bids get tripped up by the fine print Premium

    EU rules to stop giving state aid to apparently troubled companies clashes with buyout model

  • Thursday, 14 May, 2020
    FT News Briefing podcast9 min listen
    Fed chair on fiscal stimulus, BMW payouts, CLO risk

    Jay Powell said extra fiscal measures may be ‘worth it’ to shield the US economy from long-term damage due

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