Split Emerging in Liquid U.S. Leveraged Loan Market

Reuters reported that companies with strong earnings and good trading track records are successfully accessing the U.S. leveraged loan market at ever-tighter spreads. Weaker companies are not faring as well.

Credit Suisse to Support Post Weetabix Buy

Post Holdings plans to borrow approximately $2 billion under a new incremental term loan facility to support its purchase of Weetabix. Credit Suisse increased the size of the company’s current term loan from $2 billion to $2.2 billion to support the buy.

Bank of Nova Scotia Provides $500MM Facility to Telenet Financing

Telenet Financing entered into a $500 million financing agreement with The Bank of Nova Scotia as facility agent.

Antares Capital Closes $2.1B CLO Transaction

Antares Capital Advisers closed Antares CLO 2017-1, a $2.1 billion collateralized loan obligation.

Morgan Stanley Agents $50MM Microsemi Upsize

Morgan Stanley Senior Funding acted as administrative agent for an increase revolving joinder to Microsemi’s credit agreement, which increased the company’s revolving credit facility to $375 million.

DS-Concept Opens Two New Branches in India

DS-Concept opened new offices in New Delhi and Chennai to better accommodate its large client base in India.

AloStar Commits $20MM to Atlanticus Funding IV

AloStar recently provided a $20 million revolving commitment to Atlanticus Funding IV, a subsidiary of Atlanticus Holdings, which invests in companies in the financial services sector.

JPMorgan Agents $175MM Essent Group Upsize

Essent Group amended its credit facility to increase the total facility from $200 million to $375 million. JPMorgan Chase Bank served as administrative agent.

JPMorgan Extends Maturity Date of L Brands Revolver

L Brands amended its credit agreement, agented by JPMorgan. The maturity date was extended to May 11, 2022 and the amount of the commitment remains $1 billion.

BlackRiver Business Capital Closes Credit Facility with SunTrust

BlackRiver Business Capital, an Austin, TX–based direct lender in the commercial equipment finance industry, closed a new credit facility of up to $20 million with SunTrust Bank.