Morgan Stanley has kicked off a $2.3 billion debt deal to help finance Baldwin Insurance Group Inc.’s acquisition by billionaire Michael Dell’s family office and Sequence Holdings.
Private equity-backed Cloud Software Group, which owns brands including Citrix and Tibco, kicked off a transaction on Monday to address its upcoming debt maturities.
For just about any company, it’d be an audacious thing to say: Find a way to get an investment-grade credit rating, and gain the privilege of borrowing “unlimited” pools of money.
CoreWeave Inc.’s bonds have plunged to levels that typically indicate distress, in a swift move that has caught the attention of Silicon Valley leaders including Chamath Palihapitiya and Elon Musk.
A US lender specializing in loans to international students has largely shuttered its operations after losing access to fresh financing, marking one of the most significant corporate collapses triggered by the Trump administration’s immigration crackdown.
Even at the time, it was considered an unconventional alliance: Mark Walter committing $160 million through his education-focused nonprofit to help a Chicago credit investment firm comply with Dodd-Frank regulations in return for funding.
PGIM, the asset management arm of Prudential Financial Inc., was the anchor investor on a recent collateralized loan obligation that included a novel safeguard capping the share of its AI-related debt at 15%, according to people familiar with the matter.
Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.
Junk-rated borrowers across the globe are lining up at least $13 billion in refinancing deals, in a bid to lock in tighter credit spreads ahead of potential central bank interest-rate hikes.
Thoma Bravo has launched a new effort to refinance upcoming debt for cybersecurity company Sophos, in a bid to tackle its most urgent portfolio company maturity ahead of a March deadline.
The Knot Worldwide Inc. priced a $670 million leveraged loan Thursday to address upcoming debt maturities after the wedding-planning website’s credit rating was slashed deep into junk territory.
Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark realities of higher-for-longer interest rates.
Gainwell Technologies has kicked off a $5.8 billion debt overhaul that would be the US software sector’s biggest of 2026, doing so as the sector has underperformed the broader leveraged-loan market by the most in years.
Fitch Ratings said it’s upgrading 30 portions of collateralized loan obligations, in addition to the hundreds of tranches it had said previously it was considering for upgrades under a new methodology.
Gainwell Technologies LLC is in discussions with investors to replace almost $5.7 billion of leveraged loans, a deal that would be the biggest refinancing from the beleaguered US software industry this year.
Wall Street has an answer for retail investors seeking to profit from elevated interest rates and dodge defaults in private credit: funds that buy collateralized loan obligations.
For leveraged finance practitioners, artificial intelligence is the only game in town — especially in the absence of more debt deals to finance mergers and acquisitions.
The Stargate AI data center in Abilene, Texas, US, on Wednesday, Sept. 24, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US. Photographer: Kyle Grillot/Bloomberg
For leveraged finance practitioners, artificial intelligence is the only game in town — especially in the absence of more debt deals to finance mergers and acquisitions.
The Stargate AI data center in Abilene, Texas, US, on Wednesday, Sept. 24, 2025. Stargate is a collaboration of OpenAI, Oracle and SoftBank, with promotional support from President Donald Trump, to build data centers and other infrastructure for artificial intelligence throughout the US. Photographer: Kyle Grillot/Bloomberg
Jefferies Financial Group Inc. has been hit with an investor class action lawsuit over bond purchases made by its 352 Capital fund in a water vending machine firm that federal prosecutors have called a scam.
The Jefferies Financial Group Inc. headquarters in New York.
Blackstone Inc. and Guggenheim Investments are among investment firms reducing software exposure in some of their recent collateralized loan obligation deals out of growing caution over AI disruption.
Blackstone Group LP/The Photographer: Munshi Ahmed/Bloomberg *** Local Caption *** Stephen Schwarzman