Brookfield sees private credit firms and banks working together in the $1.5 trillion market, even as direct lenders continue to fill the gap left by their counterparts.
U.S. Companies Scramble to Cuts Costs, Pay Down Debt as Interest Rates Surge
As the Federal Reserve signals it will likely tighten the money supply further, finance executives are scrambling to cope with the impact of more than a year of central bank rate hikes, taking steps like cutting costs and paying down debt.
Cheniere Looks to Leverage Blue-Chip Rating to Refinance at Parent Level
LNG terminal operator Cheniere plans to refinance more debt held by its project arms with funding procured by the parent company following its first deal as a highly-rated business this month.
Corporate America Hit by Rate-Sticker Shock
Interest costs at US companies rose by nearly 20% on average in the first quarter compared to a year earlier. That sticker shock is leading some businesses to look for savings, while others are tapping new, alternative funding sources.
Debt Ceiling in Focus as Banking Turmoil Persists
As the regional bank turmoil continues and markets digest the Federal Reserve’s latest interest rate hike, investors and executives are turning to the next big question: What if lawmakers fail to resolve the standoff around the U.S. debt ceiling?
Marriott Plans to Turn to Bond Markets Again This Year, CFO Says
Marriott plans to tap the debt markets again this year to raise funding for upcoming maturities “as market conditions allow,” finance chief Leeny Oberg tells Bloomberg News.
Inflation Has Firms Using Derivatives to Lock In Funding Costs
U.S. companies are turning to derivatives to lock in future borrowing costs, as CFOs worry that financing will grow more expensive amid stubborn inflation, even if markets are bracing for rate cuts in 2023.
BMW Supplier ZF Friedrichshafen Weighs Another Dollar Bond Sale
ZF Friedrichshafen is weighing another dollar bond sale to refinance upcoming maturities after the German auto parts supplier – which generates about 25% of revenues stateside – tapped US-based investors, ending a yearslong hiatus.
Conagra in No Rush to Address $500 Million Bond Maturity, CFO Says
Conagra isn’t in a hurry to tap the credit markets, even though it has $500 million in debt coming due in less than four months. Highly rated companies usually try to refinance much earlier than that. Here’s why Conagra is waiting.
Adobe to Tap Debt Markets to Fund Figma-Deal Once It Has DOJ Approval
Adobe plans to tap the bond markets to fund its $20 billion acquisition of Figma and refinance upcoming maturities once it has secured approval from regulators.