Aaron Weinman

Baker Tilly has dropped plans for a roughly $3 billion leveraged loan that was intended to refinance private credit debt and fund a dividend, according to people familiar with the matter.

Highly-indebted companies are increasingly ditching private credit loans for cheaper capital in the bank loan market, a shift underscoring the stark realities of higher-for-longer interest rates.

Jane Street is repaying $5.5 billion of floating-rate loans as part of a broader overhaul of its $11 billion debt load.

Hudson River Trading pulled in a record $11.4 billion of trading revenue in the second quarter and went on to post a gain for the month of July, defying an AI stock rout that caused a staggering monthly loss at rival Jane Street Group.

Clearlake Capital Group’s FinThrive Inc. said earnings fell 17% in the second quarter, as it drew on a $150 million credit line to bolster liquidity, according to people with knowledge of the matter.

Ivanti Inc. told lenders that second-quarter revenue and earnings fell, casting a cloud over the private equity-backed cybersecurity software firm’s efforts to boost sales following its transition to a subscription-based business model.

Thoma Bravo executives went into talks with lenders knowing they’d have to give ground — the only question was how much.

It had already been a tough 2026 for Acrisure. Part fintech, part insurance broker, the firm said in late May it would cut 11% of its workforce, or some 2,250 people, as part of a sweeping overhaul to modernize operations. Some of its bonds and loans had fallen, but still remained above levels typically deemed distressed.

As the US-Iran battle escalates, surging jet fuel prices are driving up borrowing costs for airlines, further dimming the prospects for smaller American carriers.

A group of lenders led by Barclays Plc is preparing a €2.4 billion ($2.8 billion) financing package to support Lone Star Funds’ acquisition of industrial products manufacturer ContiTech, according to people with knowledge of the matter.