Skip To Main Content
Andrew Berlin on Muck Rack

Andrew Berlin

As seen in: MSN, Daily Mail, Reuters, Yahoo Canada, Yahoo Finance, U.S. News and World Report, Investing.com, Nasdaq, Townhall, Metro.us and

Get in touch with Andrew

Contact Andrew, search articles and posts on X, monitor coverage, and track replies from one place.

Learn more about Muck Rack

Actions

Share this page

Articles

PetSmart’s loan slips after promotional missteps and ongoing losses

|
By Andrew Berlin
| Yahoo Finance Verified
NEW YORK, April 30 (LPC) - US pet supplies retailer PetSmart’s US$4.2bn leveraged loan dipped in the secondary market after the company posted another weak quarter of earnings as it continues to spend aggressively to grow online to offset slowing traffic at its brick-and-mortar operations, sources said. The US$4.2bn term loan B, which was arranged in 2015 to back PetSmart’s leveraged buyout, fell to 78.25-78.75 from 79.5-80 after earnings were released last week.
Open in Who Shared Issue with article?

Regulated banks soften stance on leveraged lending guidance

|
By Andrew Berlin
| Investing.com
© Reuters. Regulated banks soften stance on leveraged lending guidance By Andrew Berlin NEW YORK (LPC) - Regulated banks are underwriting more highly leveraged buyout loans for US companies as the Republican administration relaxes guidelines aimed at reducing risk, which is leveling the playing field with unregulated lenders again.
Open in Who Shared Issue with article?

Regulated Banks Soften Stance on Leveraged Lending Guidance

|
By Andrew Berlin
| U.S. News and World Report Verified
Banks overseen by the Federal Reserve (Fed) and the Office of the Comptroller of the Currency (OCC) are pitching debt packages with leverage of 7.5 times and 7.75 times, respectively, on the auctions for roofing distributor SRS Distribution and education software company Renaissance Learning, several leveraged finance bankers said. These levels are far higher than the six times leverage limit adopted by regulators in 2013 to curb risky lending.
Open in Who Shared Issue with article?
See all 52 licensed articles (79 Total)