Entries tagged "Alliance Data Systems"
The pall that descended over loan markets last August seems to be lifting. At least, that's the impression given by rising prices for secondary securities in leveraged finance markets. Standard & Poor's Leveraged Finance & Data unit calls the loan market "resurgent," as S&P's leveraged loan index registered a record monthly return of 3.7% in April. The index is still down 2.25% for the year, however. Market participants attribute the positive tone to a debt pipeline that has shrunk dramatically since the beginning of the year. S&P estimates that the pipeline of pending offerings and those still stuck on balance...
The Securities and Exchange Commission said Thursday that it settled with a Wall Street trader accused of intentionally spreading false rumors about Blackstone Group LP's planned acquisition of Alliance Data Corp. while selling the stock short. Paul Berliner, formerly associated with New York-based Schottenfeld Group LLC, agreed to settle the civil action, but as is often the case, he did not admit or deny the allegations. Blackstone agreed last May, to buy Alliance for $81.75 a share, but after months of wrangling the deal finally fell apart this month....
