private equity sponsors

“What, I mean, you can see it in what they did with J.Crew, where they can, and now they're, I think they might be doing it in PetSmart as well, where they're able to have a restricted payment basket, move parts of companies out, and the bond guys get held, sit…”

“So they will be economic animals. They will look for the best return for the reward of what, for the risk they're taking, and there is no reason why they come in and just subordinate themselves to bonds and save the bond market.”

“We try when we say no more often than not to make it about us, not about them. We don't want to tell them their baby's ugly.”

“Until 2005, the way deals worked is that the private equity sponsor would say, I'd love to buy your business for a hundred dollars, but I'm borrowing 50 dollars, and if I can't get my mortgage, I've got a mortgage contingency in my contract, and there was a de…”

“Speed of deals might be one of the great litmus tests of how much leverage a buyer, the sponsors have versus the targets.”

“The documents are certainly a little looser than they were 10 years ago, but we have not seen sponsors really take advantage of those.”

“If a deal is an auction deal, we may be seeing that from as little as two or three sponsors to as much as 20 sponsors. Maybe contacting us on that one deal.”

“What we may gain is if we're going to be seeing the deal from more sponsors, so maybe some of our competitors are seeing it from four or five, and we're seeing it from eight. And a couple of the ones that we're seeing it from have operating partners that bring…”

“To be relevant to private equity sponsors, and we cover 750 of them, to regularly see that deal flow, to be very judicious about the loans you do, you have to be big.”