Bank syndicates control sector risk by downsizing the industry when market demand fails to meet expectations. The market for syndicated loans is huge. In 2003, banks extended close to USD 2 trillion in syndicated loans. The standard theory for why banks join forces in a syndicate is risk diversification. This...
This paper sets forth the origins and milestones of the quiet revolution that has been the growth of the syndicated loan market. The leveraged portion of the market, the part of the market where most innovation has occurred, receives special attention. This analysis provides a primer to investors and other...
This paper discusses the LSTA's stand for Loan Syndication. LSTA represents all segments of the nearly $1 trillion1 corporate loan market, including banks, broker-dealers, other buyers and sellers of corporate loans including mutual funds and merchant banks and professional financial service firms. As such, the paper focuses almost exclusively on...
While recent financial scandals may temporarily slow the syndication markets as lead banks re-evaluate the loans that are appropriate for syndication and assess how comfortable they are with the accuracy and completeness of the information provided by borrowers, it is unlikely that the markets will be affected significantly on a...
With the possibility of 50 or more banks involved in one deal, loan syndication and the follow-up agency function can be an administrative nightmare, cluttered by faxes, photocopies, overnight mail and tracking. With the possibility of 50 or more banks involved in one deal,...
NEW YORK--BUSINESS WIRE--Jan. 5, 1998--IntraLinks, Inc., provider of a global communications network for the financial community, announced today the availability of IntraAgency, a new vertically-integrated service to its IntraLoanTM electronic solution for syndicating loans.
NEW YORK -- IntraLinks, Inc., a leading provider of on-demand workspaces to the financial services industry, today announced a new enhancement to its service to assist the syndicated loan market in classifying and separating public and private information for loan investors. For the first time, investors will be presented with...
OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A Excellent and issuer credit rating ICR of "a+" of Lloyd's Syndicate 2007 United Kingdom, which is managed by Novae Syndicates Limited NSL. At the same time, A.M. Best has affirmed the ICR of "bbb" of Novae...
NEW YORK, Aug. 20 /PRNewswire/ -- Bank of America today announced that David Flannery will be joining the company as global head of Leveraged Finance. Flannery, who is currently at Deutsche Bank, will be based in New York and report to Bruce Thompson, head of Global Capital Markets. Flannery...
LINCOLNSHIRE, Ill. -- Hewitt Associates, Inc. (NYSE: HEW), a global human resources services company, today announced that it expects to finalize $500 million in new debt financing later this month. The financing consists of a $270 million five-year syndicated term loan and $230 million in privately-placed senior unsecured notes with...
Newest Version of Misys Loan IQ Marks Critical Milestone in Technology Roadmap NEW YORK & TARRYTOWN, N.Y. -- Misys, the global application software and services company, and Synchrony Systems, the industry leading Smalltalk modernization company today announced the successful migration of Loan IQ from Smalltalk to Java with...
COLUMBUS, Ohio, July 31 /PRNewswire-FirstCall/ -- Huntington Equipment Finance, a division of Huntington National Bank, was once again ranked among the largest and fastest growing equipment finance companies in the United States. The Monitor's analysis of 2007 showed that new business volume soared by more than 60...
Available for Acquisitions, General Business ATLANTA -- Piedmont Office Realty Trust, Inc. announced today that it has obtained a $250 million unsecured term loan with JPMorgan Chase and Bank of America. Piedmont sought the new term loan for general corporate purposes including potential property acquisitions. "In...
PHILADELPHIA -- Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that it has completed a $54 million financing of Paxton Towne Centre in Harrisburg, Pennsylvania. The mortgage loan, provided by U.S. Bank National Association as Lead Arranger and Administrative Agent and Aareal Capital Corp. as Syndication Agent, has a...
Also Announces Sale of PW Stephens Subsidiary and Increased Investment by Chairman and Large Independent Shareholder DALLAS -- Home Solutions of America, Inc. (Pink Sheets:HSOA), a commercial, institutional and infrastructure construction company serving the private and public sectors, announced today that on July 3, 2008,...
BIRMINGHAM, Ala. -- Medical Properties Trust, Inc. (NYSE: MPW) announced today that it has made investments in five new hospital facilities for an aggregate of approximately $92.6 million. The Company entered into a $60 million financing arrangement with affiliates of Prime Healthcare Services, Inc. related to three...
Zealous Forms Steering Committee to Weigh Various Proposals for ZATS Trading Platform, Including Licensing Overseas and Private Equity Investment IRVINE, Calif. -- Zealous announced today the appointment of Mr. William Dully as the CFO/COO for Zealous Trading Group, Inc. (OTCBB:ZLST), the parent of Zealous Capital...
NEW YORK, July 7 /PRNewswire-FirstCall/ -- RBC Capital Markets today announced the appointment of Jim Wolfe as managing director and head of U.S. Leveraged Finance as the firm continues to bolster its leveraged finance platform globally. He will report to Blair Fleming, RBC's head of Global...
Nevada Geothermal Power Inc. NGP (TSX VENTURE: NGP)(OTCBB: NGLPF) today updated the status of the US$145 Million Senior Secured Credit Facilities for the construction of the 49.5 MW Blue Mountain Faulkner I project in Nevada. The loan facility has been increased to US$145 million from US$140 million to...
Choose up to 5" more legroom with Economy Plus. Starting at $14.
Powerful, Dell is built to fit your business needs Customized systems, experts trained in small business, 24/7/365 support, and powerful, reliable technology. Dell, big results for small business.
Innovative USB Sleep'n Charge. Stylish Fusion™ finish. Ultra-portable. It's clear why the Satellite® U405 is a smart choice for you and your small business. Only from the laptop expert, Toshiba.
