Articles

  • 2 weeks ago | news.bloombergtax.com | Carmen Arroyo |Ellen Schneider |Olivia Fishlow

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  • 2 weeks ago | bloomberg.com | Carmen Arroyo |Ellen Schneider |Olivia Fishlow

    Wall Street bankers have found themselves in a bind, and their powerful new rivals in private credit may once again hold the key to getting them out of it, at least for now. When US President Donald Trump unveiled his tariff plan and upended global markets last week, banks from Barclays Plc to JPMorgan Chase & Co. were in the process of trying to pitch more than $12 billion of debt financings for corporate buyouts and other purposes.

  • 2 weeks ago | news.bloomberglaw.com | Carmen Arroyo |Ellen Schneider |Olivia Fishlow

    Wall Street bankers have found themselves in a bind, and their powerful new rivals in private credit may once again hold the key to getting them out of it, at least for now. When US President Donald Trump unveiled his tariff plan and upended global markets last week, banks from Barclays Plc to JPMorgan Chase & Co. were in the process of trying to pitch more than $12 billion of debt financings for corporate buyouts and other purposes.

  • 3 weeks ago | news.bloomberglaw.com | Carmen Arroyo |Reshmi Basu |Olivia Fishlow

    An attempt to get better terms for Finastra Group Holdings Ltd.’s more than $5 billion debt load — made up of one of the largest loans in private credit history — has fallen apart, according to people familiar with the matter. After weeks of negotiations, Morgan Stanley and JPMorgan Chase & Co. are stuck at square one after pitching investors in the broadly syndicated loan market on a deal to swap out the debt of the Vista Equity Partners-backed fintech.

  • 3 weeks ago | news.bloombergtax.com | Olivia Fishlow |Ellen Schneider |Jeannine Amodeo

    Thoma Bravo is looking to sell a portion of a $525 million second-lien loan it provided last month to support the leveraged buyout of SolarWinds, according to people familiar with the matter. The investment firm had assumed the risky debt in part to facilitate Turn/River Capital’s buyout of the IT software company, which Thoma Bravo previously controlled alongside Silver Lake, said the people, who asked not to be identified discussing confidential information.