Rachel Graf

New York

Leveraged Finance Reporter at Bloomberg News

Covering West Coast courts for @business

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Articles

Under-Pressure Buyout Firms Ramp Up Debt Deals for Dividends (1)

1 day ago | news.bloombergtax.com | Abhinav Ramnarayan |Eleanor Duncan |Rachel Graf

Companies are launching a number of debt deals designed to pay out a dividend to their private equity owners, at a time when buyout firms are under pressure to return money to clients.
Buyout Firms Ramp Up Debt Deals to Pay Dividends

1 day ago | bloomberg.com | Abhinav Ramnarayan |Eleanor Duncan |Rachel Graf

(Bloomberg) -- Companies are launching a number of debt deals designed to pay out a dividend to their private equity owners, at a time when buyout firms are under pressure to return money to clients.
Carnival Refinances More Debt With New $1 Billion Bond

2 days ago | bloomberg.com | Rachel Graf |Gowri Gurumurthy

A Carnival cruise ship in New Orleans, Louisiana. (Bloomberg) -- Carnival Corp. issued bonds for the third time this year, as the cruise operator chips away at a debt load that had ballooned during the Covid-19 pandemic. Monday’s $1 billion offering of senior unsecured notes will be used to refinance 7.625% notes maturing next year, according to a person familiar with the matter. The new notes priced at 5.875%, the person said, at the low end of initial pricing discussions of up to 6%.
Dollywood Owner Launches $1 Billion Loan to Fund Theme Park Deal

2 days ago | bloomberg.com | Rachel Graf

The entrance to Dollywood in Pigeon Forge, Tennessee. (Bloomberg) -- The owner of Dollywood Parks & Resorts on Monday launched a $1.1 billion leveraged loan to help fund its acquisition of a suite of amusement parks, campgrounds and hotels throughout the US. The deal would allow Herschend, which also owns the Harlem Globetrotters, to expand its portfolio by purchasing Palace Entertainment’s US assets from Parques Reunidos while also addressing its upcoming debt maturity.
CoreWeave in Talks for $1.5 Billion Debt Deal 6 Weeks After IPO

5 days ago | news.bloombergtax.com | Jeannine Amodeo |Rachel Graf |Gowri Gurumurthy

Less than two months after a heavily scaled down initial public offering, CoreWeave Inc. is in discussions to raise about $1.5 billion in debt, according to a person with knowledge of the matter. The potential offering is expected to be in high-yield bonds and led by JPMorgan Chase & Co., according to a different person.
CoreWeave in Talks for $1.5 Billion Debt Deal 6 Weeks After IPO

5 days ago | bloomberg.com | Jeannine Amodeo |Rachel Graf |Gowri Gurumurthy

CoreWeave signage during the company's IPO at the Nasdaq MarketSite in New York on March 28. (Bloomberg) -- Less than two months after a heavily scaled down initial public offering, CoreWeave Inc. is in discussions to raise about $1.5 billion in debt, according to a person with knowledge of the matter. The potential offering is expected to be in high-yield bonds and led by JPMorgan Chase & Co., according to a different person.
Banks Sweeten Terms Again on Debt for Apollo’s Gaming-Asset Buy

6 days ago | news.bloomberglaw.com | Gowri Gurumurthy |Rachel Graf

A group of banks led by Deutsche Bank AGadded further sweeteners to a $4.3 billion junk-debt sale to support Apollo Global Management Inc.’s buyout of a suite of gaming and gambling products as the deal struggled to attract demand. Yields were hiked Thursday on both parts of the financing backing the purchase of International Game Technology Plc’s gaming division and the gambling machines company Everi Holdings Inc. by the buyout firm, according to people with knowledge of the matter.
Bankers Are Racing to Exploit Hunger for Riskiest Credit Bets (2)

6 days ago | news.bloombergtax.com | Claire Ruckin |Rachel Graf

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Bankers Are Racing to Exploit Hunger for Riskiest Credit Bets (2)

6 days ago | news.bloomberglaw.com | Claire Ruckin |Rachel Graf

Just weeks after coming to a halt because of Donald Trump’s tariff bombshell, the junk-debt market is starting to crank back into gear again. From Italian sneaker brand Golden Goose to German chain Motel One, even some of the raciest types of corporate lending are suddenly back in vogue. A spate of high-yield bond deals kicked off the action at the end of April — and now loan issuers are joining the party.
Bankers Are Bouncing Back to Life as Hunger for Junk Debt Soars

6 days ago | bloomberg.com | Claire Ruckin |Rachel Graf

Lenders are seizing on a welcome bit of respite after a number of deals were pulled or held. It may not last for long, though, as Trump’s tariffs still loom. Just weeks after coming to a halt because of Donald Trump’s tariff bombshell, the junk-debt market is starting to crank back into gear again. From Italian sneaker brand Golden Goose to German chain Motel One, even some of the raciest types of corporate lending are suddenly back in vogue.