The U.S. private placement market priced $2.42 billion in traditional private paper last month, according to data compiled by Private Placement Letter...
The U.S. private placement market priced $2.19 billion between March and April, spread over 14 deals, according to data compiled by Private Placement Letter...
Private market veteran Nichols speaks about founding the first advisory firm focused solely toward issuers of debt private placements...
Private market vetern Elizabeth Majers discusses the role of borrower pre-designated counsel (PDC) in private placement transactions, and the increased use of independent lender counsel in modification or distressed scenarios
The U.S. private placement market priced $2.52 billion in new issuance in February, according to data compiled by Private Placement Letter, making up the highest one-month total since July and putting this years pace of issuance far ahead of 2008...
A survey conducted at this year's Private Placements Industry Forum shows that 'cautious optimism' is the prevailing sentiment among private market participants.
Market experts at this year's Private Placements Industry Forum offered a mixed view on the near-term future of European issuance. Though Europe has been a major source of private placement deal flow in recent years--making up as much as 30% of deal volume--some said a worsening economy and alternative sources of funding could combine to keep European issuers less likely to cross the pond this year.
Private placement investors sounded a conservative tone last week at the Private Placements Industry Forum in Boca Raton, Fla., saying they are mostly interested in NAIC-1 deals from non-cyclical industries, with a bias toward deals from the U.S. and familiar regions like the U.K. and Western Europe. Though caution was indeed the watchword among buysiders, most said they would look selectively at deals further down the credit ladder and farther from home.
Prospects look good from down under. Both National Australia Bank and Banc of America Securities have their plates full with upcoming deals from Australia, said representatives of those banks at last week's Private Placements Industry Forum in Boca Raton, Fla.
The annual Private Placements Industry Forum, hosted by the Institute for International Research, is almost like the official New Year's celebration for the private placement market. This year, with private placement issuance down to a trickle and the overall markets still uncertain, the conference takes on an even greater importance, say many sources.