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 (10/5/15)

  • AB InBev is asking banks to underwrite up to US$70bn in debt financing to back its potential merger with SABMiller.
  • Thomson Reuters LPC’s Loan Market Scorecard provides a snapshot of key statistics in the leveraged loan and high yield bond markets.
  • The scandal over Volkswagen’s rigged US diesel emission tests is putting pressure on the secondary prices of term loans for auto suppliers as loan investors assess the fallout.
  • CLO managers and investors are seeking new ways to address rules which go into effect in December 2016 that will require firms to be on the hook for a portion of the risk.
  • Altice’s decision to switch US$1.5bn of bonds to loans in a US$8.6bn financing backing its US$17.7bn acquisition of Cablevision has set a precedent that more companies may follow.

More syndicated loan coverage on LoanConnector.

What to Watch (10/5/15)

  • Affordable Care will launch Oct 6 a US$500m first- and second-lien credit facility that backs the company’s sale to Berkshire Partners. Jefferies and Golub Capital lead.
  • B&G Foods will launch Oct 5 a US$500m term loan to support its US$765m purchase of the Green Giant and Le Sueur shelf-stable and frozen food business from General Mills. Barclays is leading the transaction.
  • The time it takes to settle a loan trade increased to almost three times the amount recommended even as regulators warn about liquidity. Secondary loan settlement times increased to 20.2 days during the last three months.
  • Retail investors withdrew US$786.3m from bank loan mutual funds and pulled out US$2.152bn from high-yield bond funds in the week ending September 30.

More syndicated loan coverage in Gold Sheets