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Helping guide the global syndicated loan market

Thomson Reuters LPC is the premier global provider of information on the syndicated loan and high yield bond markets. Our first-to-the-market news, comprehensive real-time and historic data helps industry players stay informed about market trends and facilitate trading and investment decisions.

From offices in New York, London, Hong Kong, Sydney and Tokyo we are the one source for comprehensive coverage of the syndicated loan markets worldwide.

Our publications, online news, analysis, valuation services and interactive databases are used every day by banks, asset managers, law firms, regulators, corporations and others to drive valuation, syndication, trading, and research and portfolio management activities.

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5 Things to Know (7/27/15)

  • Antares Capital is lining up a $13.9B financing package that backs CPPIB’s purchase of the middle market sponsor finance platform from GE Capital and raises funds for future growth.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • The SEC said it will allow some Collateralized Loan Obligations to refinance without complying with risk retention rules that require managers to hold 5% of their deal.
  • Issuers are increasingly tapping banks not subject to the leveraged lending guidance implemented by federal regulators, which led to a slight increase in leverage levels in the second quarter.
  • U.S. insurer Anthem Inc has lined up an approximately $27B bridge loan facility to help finance its $54.2B acquisition of Cigna Corp, sources said.

More syndicated loan coverage on LoanConnector.

What to Watch (7/27/15)

  • SITEL Worldwide will launch July 29 a $545M credit facility to back its acquisition by French customer relations company Groupe Acticall. Societe Generale leads.
  • Year-to-date CLO issuance stands at $63.4B. Issuance in July, while low at $4.7B, does include the largest CLO of 2015, Apollo’s $1.1B CLO.
  • The U.S. speculative grade default rate edged higher to 2% for the third consecutive month in June, from 1.9% the month before, and in line with the 2% rate recorded in 1Q.
  • Pharmaceutical Product Development launched July 24 a $2.875B credit facility that funds a dividend recapitalization. Commitments to the Credit Suisse-led deal are due August 5.

More syndicated loan coverage in Gold Sheets