When the going got tough (2020)
On the first trading day of 2020, a typical headline was “Dow jumps 300 points to start 2020, continuing last year’s big rally.” The S&P 500 was up 28.9% in 2019. US GDP was up 2.3%, not quite the growth seen in 2017 and 2018, but still pretty good from where we stand today. Our […]
Leveraged Loans for Take-Overs and LBOs are Back
Banks have again started to provide large bridge financings for deals, and in some case keep all of the lending business for themselves rather than spread the risk over a syndicate, an indication of just how competitive the world of corporate and commercial lending is becoming. Take for example the JPMorganChase $20 billion unsecured bridge loan to fund AT&T’s $39 billion purchase of T-Mobile USA from Deutsche Telekom.
Cash Flow Lending in Massachusetts
Cash flow lenders have become harder to find in recent years, but for credit-worthy borrowers with stable cash flow from operations, there is still money to be had.
Boston Commercial Bankers Have Money to Lend
Banks in and around Boston have money to lend and are looking for deals. Interest rates on revolving lines of credit are currently pricing at LIBOR + 350 for commitments of $2 million to $10 million, and as low as LIBOR +175 for larger deals.
