Can You Kiss Your Libor Floor Goodbye?

Clouse, Carol J.; Sheahan, Matthew
November 2010
High Yield Report;11/15/2010, Vol. 21 Issue 46, p27
The article discusses whether the Libor floor will be sustained amidst tighter pricing on leveraged loans and high yield bonds. It was mentioned that Libor floors started at 2% or higher in early 2010 but current levels are at 1.5% or 1.75%. Several deals which lowered Libor floors were mentioned. including the buyout loan for Gymboree Corp. and the term loan B for CB Richard Ellis.


Related Articles

  • Ancestry.com Finalizing $735M TLB at Wide End of Talk. Fest, Glen // High Yield Report;8/18/2015, p5 

    The article discusses reports where Ancestry.com is expected to finalize terms of its 835 million U.S. dollars loans proposal at the wide end of price talk. Ancestry's pricing on a 735 million U.S. dollars term loan B will be 400 bps over Libor after price talk range of 375-400 bps over Libor....

  • Bond Prices Increase on Secondary Market. Sheahan, Matthew // High Yield Report;9/5/2011, p14 

    The article reports on an increase in high yield bond prices in the U.S. on August 31, 2011 over the trading losses during the previous week.

  • Three Loans Break, Rise on Secondary. Kellerhals, Richard // High Yield Report;5/31/2010, Vol. 21 Issue 22, p19 

    The article reports on the increase in price of three term loans for Triumph Group, RCN Metro and Village Roadshow Films on May 27, 2010.

  • CB Richard Ellis Loans to Make Rounds. Kellerhals, Richard // High Yield Report;1/24/2011, Vol. 22 Issue 4, p26 

    This article reports on the move of Credit Suisse and Bank of America Merrill Lynch to search for two term loans to finance the acquisition of ING's real estate investment management business by CB Richard Ellis Services in 2011.

  • Banks Prep $650M TL for CB Richard Ellis, Price Notes. Kellerhals, Richard // High Yield Report;10/11/2010, Vol. 21 Issue 41, p31 

    The article reports on a term loan worth 650 million U.S. dollars and 6.625% senior notes due 2020 worth 350 million U.S. dollars, arranged by a bank consortium for CB Richard Ellis.

  • TransUnion Prices $645M HY Deal. Sheahan, Matthew // High Yield Report;6/14/2010, Vol. 21 Issue 24, p24 

    The article focuses on TransUnion's launch of a junk bond offering priced at 645 million U.S. dollars, which will be used to finance a buyout deal.

  • GMAC Prices Double the Bonds with $2B. Sheahan, Matthew // High Yield Report;2/15/2010, Vol. 21 Issue 7, p2 

    This article announces that financial services firm GMAC has doubled its proposed deal and priced two billion U.S. dollars in junk bonds on February 9, 2010.

  • Realogy Prices Below Price Talk. Sheahan, Matthew // High Yield Report;1/31/2011, Vol. 22 Issue 5, p24 

    The article reports that real estate company Realogy prices its 700-million U.S. dollar junk bond issue at par and below price talk.

  • Bond Prices May Signal Slowdown. Sheahan, Matthew // High Yield Report;11/22/2010, Vol. 21 Issue 47, p7 

    The article deals with indicators of the possible slow down of junk bond market which include secondary bond prices and an increase in primary market discounts.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics