Banks Pause Marketing of $525m Loan for ITG Dividend Payment (1)

(Changes Santander and Oaktree to declining to comment.)

Banks have paused marketing of a $525 million loan intended to finance a dividend payment to the owner of ITG Communications LLC, according to a person familiar with the matter, another sign of market volatility disrupting the leveraged finance market.

• Commitments had been due on Thursday for the 7-year term loan B
• Santander was leading the deal, whose proceeds were to be used for a dividend to ITG’s private equity sponsor, Oaktree Capital Management
• Credit markets have been falling sharply since US President Donald Trump announced new tariffs last week, with ...