Loan Ranger
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Loan Ranger was thrilled at the prospect of his impending trip to South Africa, until a leveraged loan banker gave him pause with a cautionary tale… -
Glorious weather across much of Europe last week coincided with glorious events in the loan market, amid an M&A mystery and a triumph for sexual equality.
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Last week’s announced merger between Heinz and Kraft had Loan Ranger scouring for new debt, but for one banker it was an occasion for nostalgia.
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Loans bankers were excited and well prepared for the solar eclipse on Friday. So it was only Loan Ranger charging about last minute on a hunt for ocular protection…
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Is it any coincidence that Russian president Vladimir Putin’s 11 day disappearance has coincided with reported sightings of new Russian loans? Loan Ranger thinks not.
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When he’s not enjoying a Welsh win in the rugby, Loan Ranger can be found scouring for tenuous loan market allegories in foreign arthouse cinema.
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We have oft remarked that loans bankers are generally a serene bunch. With little that ruffles their market, they appear as Zen-masters.
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Having proclaimed 2014 to have been the biggest year for European corporate loan volume since 2007, Loan Ranger went into last week in a mood for records.
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“Competition is the DNA that flows through the veins of every loans banker,” said Roland Boehm in a rousing speech at GlobalCapital’s Syndicated Loans and Leveraged Finance Dinner last week.
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Not being able to understand the Greeks is not a new thing. In the Middle Ages, even those most learned of monks would sometimes put palm to face and exclaim in well-worn Latin: "Graecum est; non legitur!"
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Loan bankers are a lovely, optimistic bunch who just want to get on with doing some deals whatever the weather, so the last thing they need is a scandalous naysayer peddling click-bait doom about their market, even if Russia is going to the wall (and it’s not of course).
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When a loans banker starts talking about comedy nights lingering in the memory either for being really great or really terrible, GlobalCapital has grown used to the name Reginald D Hunter following soon afterwards. So it was with some trepidation last week that Loan Ranger witnessed a re-opening of that old can of worms.
