Clondalkin to refi bonds through new dollar loans

Clondalkin, the Netherlands-based packaging group, will refinance its outstanding high yield bonds through dollar-denominated loans, although market expectations had been for a new bond issue.

  • 13 May 2013

The group plans to raise $455m from a $350m first lien term loan due 2020 and a $105m second lien term loan due 2021. The facilities come alongside a $35m revolving credit facility due 2018, which Standard & Poor’s expects to remain undrawn.

With the loans, €85m of cash, ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 41.30
2 Rabobank 35.35
3 Morgan Stanley 11.45
4 BNP Paribas 5.95
4 Credit Agricole 5.95

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 1,560.67 2 10.70%
2 SG Corporate & Investment Banking 1,445.74 4 9.92%
3 Wells Fargo Securities 1,187.61 3 8.15%
4 Rabobank 1,081.86 1 7.42%
5 Bank of America Merrill Lynch 831.08 4 5.70%