Dividend Recaps Paced For Record Year After Scorching Q2

Law360, New York (July 22, 2013, 7:35 PM EDT) -- Private equity firms and corporations borrowed $20.6 billion in the second quarter to pay themselves or their shareholders a dividend, a three-month record that puts the leveraged recap market on pace for its best year ever, according to data out Monday.

Despite a "very real slowdown" and more lender pushback on terms and pricing late in the quarter — thanks to market-roiling comments from the Federal Reserve — the period between April and June was the busiest ever, according to Thomson Reuters.

Dividend recapitalizations, which swap...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.