Matalan cancels £20m RCF as covenant reset falls through

UK clothes retailer Matalan has cancelled £20m of its revolving credit facility after failing to negotiate an easing of the covenants with one of its banks.

  • 08 Mar 2012

The remaining £30m of the RCF, which was signed with another bank, remains in place, as Matalan was able to secure a covenant reset from that bank. The company is rated B3/B.

The £50m revolver was originally signed with Lloyds Banking Group and Royal Bank of Scotland in April ...

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 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%