Top stories

  • Top of levloan market called as Micro Focus leans on dollars

    A strange and, until recently, rare phenomenon has been witnessed in the leveraged loan market — pricing widening on deals. On Thursday Micro Focus chose only the minimum amount for the euro tranche within its $5.5bn loan package, prompting whispers among some observers that this hitherto red-hot market may have found its floor, and even rebounded off it.

    • 21 Apr 2017

  • Drax powers up £550m bond following Opus acquisition

    Drax Group, the UK energy holding company, held a roadshow on Wednesday and Thursday for a £500m fixed and floating rate senior secured bond offering, following its acquisition of Opus Energy earlier this year, and further increased it to £550m on Friday.

    • 21 Apr 2017
  • Bridgepoint-owned Element lines up £620m Exova acquisition

    Element Materials Technology has agreed to purchase Exova, the laboratory testing specialist, for £620m, with the deal set to bring further new paper to the leveraged loan market.

    • 19 Apr 2017
  • Travelodge and Voyage Care jump into sterling HY

    UK hotel group Travelodge and social care firm Voyage Care both started roadshows on Wednesday for £165m and £250m of notes, respectively.

    • 20 Apr 2017
  • Hot April for high yield and leveraged loans

    Leveraged finance is once again Europe’s most vigorous corporate capital raising market this week, as investment grade markets remain slumbrous. Five high yield bond issues were mandated on Tuesday, the first day after the Easter holiday, and two cross-border leveraged loan repricings also came to market.

    • 19 Apr 2017
  • Unilabs and Nomad Foods bring euro high yield bonds

    Medical diagnostics firm Unilabs launched a €250m high yield bond with a roadshow this week, to back its acquisition of Alpha Medical. Nomad Foods is also roadshowing a €500m deal.

    • 18 Apr 2017
  • Misys leaves IPO in rear view mirror with $5.35bn loan deal

    Misys, the UK financial software firm, held bank meetings on Tuesday in London for a €1bn term loan to back its $3.6bn-equivalent acquisition of D+H, a Canadian competitor, following sponsor Vista Equity Partners’ failed IPO of the UK firm last year.

    • 18 Apr 2017

High Yield priced deals database

DateIssuerMaturityCur.SizeCoupon
12-Apr-17Grifols01-May-2510003.2%
12-Apr-17Colfax Corp15-May-253503.25%
12-Apr-17Burger King France SAS01-May-232503-mth Euribor +525bp
12-Apr-17Burger King France SAS01-May-243156%
06-Apr-17Grupo Antolin-Irausa SA 30-Apr-244003.25%


Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 5,003.18 13 8.74%
2 Deutsche Bank 4,881.33 25 8.53%
3 JPMorgan 4,826.81 11 8.44%
4 Bank of America Merrill Lynch 4,337.47 13 7.58%
5 BNP Paribas 3,160.34 16 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Deutsche Bank 2,981.20 25 9.50%
2 Citi 2,705.59 14 8.62%
3 JPMorgan 2,305.05 18 7.35%
4 Bank of America Merrill Lynch 2,082.61 15 6.64%
5 Barclays 2,056.23 15 6.55%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Goldman Sachs 5,003.18 13 8.74%
2 Deutsche Bank 4,881.33 25 8.53%
3 JPMorgan 4,826.81 11 8.44%
4 Bank of America Merrill Lynch 4,337.47 13 7.58%
5 BNP Paribas 3,160.34 16 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 11 Apr 2017
1 Deutsche Bank 2,981.20 25 9.50%
2 Citi 2,705.59 14 8.62%
3 JPMorgan 2,305.05 18 7.35%
4 Bank of America Merrill Lynch 2,082.61 15 6.64%
5 Barclays 2,056.23 15 6.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 04 Apr 2017
1 JPMorgan 12,214.51 86 12.12%
2 Bank of America Merrill Lynch 9,891.30 80 9.81%
3 Citi 9,372.27 62 9.30%
4 Goldman Sachs 7,529.63 51 7.47%
5 Credit Suisse 6,129.63 44 6.08%