LPC: Banks increase CLO forecasts as issuance thrives
June 28 Banks are increasing their US Collateralized Loan Obligation (CLO) forecasts with issuance set to surpass some of the most pessimistic 2017 predictions.
June 14 First Data Corp:
* First Data Corp - refinanced approximately $3.8 billion of term loans due March 2021 and July 2022, at an interest rate of libor plus 225 basis points
* First Data - refinancing transaction, with new currency hedges recently implemented, results in annualized cash interest savings of about $30 million Source text for Eikon: Further company coverage:
* CEO - we've pulled back too far on investments in some key categories and our overall execution was not up to our normal standards in fy2017
June 28 The following financial services industry appointments were announced on Wednesday. To inform us of other job changes, email firstname.lastname@example.org.