Tuesday, 24 November 2015
Last updated 2 hours ago
Oct 16 2013 | 10:59am ET
Private-equity firms are taking advantage of loosening credit markets to refinance cash-strapped portfolio companies in Europe.
Standard & Poor's Leveraged Commentary and Data shows that p.e.-owned European companies have refinanced €23 billion in debt this year, a record. Last year, the total amount of renegotiated debt on the loan and high-yield bond markets was €17 billion.
Renegotiated debt also hit a record in the U.S. this year, with US$149 billion in refinancing volume, as borrowing costs have dropped.
Dividend recapitalizations are also up this year, at US$11.2 billion in Europe, according to S&P, the highest level since 2007.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…