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Brand Energy & Infrastructure Services

Brand Energy offers LBO debt terms, Western Refining seeks loan for Northern Tier acqusition

Brand Energy & Infrastructures Services Inc. proposed terms on a debt backing its leveraged buyout by Clayton, Dubilier & Rice. Western Refining, on the other hand, sought a loan for its Northern Tier acquisition.

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The Carlyle Group

Carlyle Group announces the closure of a collateralized loan obligation worth USD517 million

The Carlyle Group announced the closure of the latest collateralized loan obligation, which is the company's way of investing into the market through global market strategies and solutions, real assets and corporate private equity.

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KKR on Bill Sonneborn's resignation

KKR subscribes to structured credit deal with Sanmar Group

KKR provides INR250 crore on top of the previous INR400 crore already given by the buyout firm for the payment of promoter's debts and expansion of business of Sanmar Group.

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Municipal bankruptcy

Hedge funds find their way to invest in municipal debt market

Hedge funds are now entering the municipal debt market, finding a veritable gold mine in value but may provide more problems in the long run as to the temporary nature of the investments.

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Legg Mason

Bill Miller buys JC Penney debt for new high income fund

Legg Mason Opportunity Trust Manager Bill Miller said he bought JC Penney debt for a new fund. Miller holds the record of beating the US benchmark for 15 years.

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Toll Brothers

Toll Brothers postpones boost on investment-grade rating, offers debt to buy Shapell

Toll Brothers Inc would be seeking to acquire the amount needed to finance its USD1.6 billion acquisition of Shapell Industries Inc and refinance its 4.95 notes due next year.

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Flag of Kenya

Kenya's Eurobond issue to upgrade country's infrastructure

Kenya's Treasury Secretary Henry Rotich confirms the sale of as much as USD2 billion worth of Eurobonds for the country's debt payments and energy projects.

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Monier Group Services

UK court grants Monier Group Services loan extension

Monier Group Services was able to get an extension for its debt even without the backing of all its creditors after London's High Court decided on the matter.

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Deutsche Bank

Deutsche Bank loan issue overshadowed by new agreements

Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.

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JC Penney

Investors diverge on future of JCPenney

Depending on their risk interpretation of the current debt situation of JCPenney under new CEO Mike Ullman.

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Cinda

Cinda to do IPO

China Cinda Asset Management would be listing its shares in Hong Kong with a projected share volume sale of USD2 billion.

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Etisalat

Banks avoid financial backing for Etisalat over letter of support issued for subsidiary

Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.

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Carrefour

Carrefour plans to buy a portfolio of Klepierre malls

French retailer Carrefour SA said it is in talks to buy a portfolio of malls owned by real estate investment company Klepierre.

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Penn West Petroleum Ltd

Penn West looks to sell up to USD2 billion in assets

Canadian oil producer Penn West Petroleum announced that it will be selling up to USD2 billion of its assets to reduce debt levels.

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Central States Tower II

Central States Tower II obtains USD 35 million senior secured credit facility from CIT Corporate Finance

CIT Corporate Finance provided a senior secured credit facility worth USD 35 million to wireless communications towers operator Central States Tower II.

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