• Telenet launches €500m refi, OGF seeks tap

    Liberty Global-owned Belgian telecoms firm Telenet launched a €500m eight year term loan ‘B’ on Thursday as it looks to take advantage of propitious issuer conditions to refinance existing debt.

    • 27 Oct 2016
  • JDE grinds investors down to 225bp

    Jacobs Douwe Egberts rode the market repricing wave emphatically this week, increasing its new loan offering to €1.3bn and cutting margins on existing loans to just 225bp.

    • 27 Oct 2016
  • Permira offers hope to sullen investors

    Permira has added to its recent shopping basket of acquisitions with the purchase of German online retailer Schustermann & Borenstein from Ardian.

    • 26 Oct 2016
  • Euro Garages drives sterling offering wider

    Euro Garages has widened the discount on its £250m term loan ‘C’ to 97.5, with prospects for sterling issuance less clear following a pulled deal last week.

    • 25 Oct 2016
  • BMI adds loans to levfin sterling activity

    BMI Healthcare, the operating arm of General Healthcare Group, added a loan package to the run of sterling issuance in the European leveraged finance market of late.

    • 24 Oct 2016
  • Ion Trading taps loan after another acquisition

    Electronic trading firm Ion Trading has tapped its term loan signed in August by subsidiary Wall Street Systems for €130m, as the latter acquires fellow fintech firm Reval.

    • 24 Oct 2016
  • Inovyn in vogue but M&A could enjoy autumn

    Ineos-owned chlorvinyls firm Inovyn increased and tightened the size and guidance on its term loan ‘B’ repricing on Thursday afternoon, as the market hopes for some overdue buyout activity.

    • 20 Oct 2016
  • Euro Garages poised for chequered flag

    Final commitments were due on Thursday for Euro Garages’ €1.16bn of loan facilities backing its merger with European Forecourt Retailer, while New York listed beauty firm Coty has commitments due Friday on its repricing and €325m add-on to its term loan ‘B’.

    • 20 Oct 2016
  • Thirteen banks back €2.43bn Morpho acquisition

    Advent’s €2.43bn acquisition of French software solutions firm Morpho is supported by 13 banks, according to one banker, with up to €2bn of loans expected to be marketed by early November.

    • 19 Oct 2016
  • JDE, Infinitas seek invite to refinancing party

    Coffee maker Jacobs Douwe Egberts (JDE) and education publisher Infinitas both held lender calls on Tuesday for refinancing deals, though merger and acquisition financing could subdue the latest spate of repricings in leveraged loans, one senior banker said.

    • 18 Oct 2016
  • Lights on for Luceco as £93m IPO trades up

    Luceco, a maker of electrical wiring products and LED lights, made its debut on the London Stock Exchange on Monday after raising £93m, amid an IPO market in which many bigger and higher profile deals have come to grief.

    • 17 Oct 2016
  • SFR, Platform increase euro offerings amid more refis

    Three deals priced in the leveraged loan market on Friday, all at the tight end of guidance, with SFR and Platform increasing the size of their euro offerings.

    • 14 Oct 2016
  • SFR looks to follow Eircom with $2.4bn refinacing

    French telecoms firm SFR launched a $2.4bn-equivalent refinancing with a lender call on Tuesday afternoon, aiming to lower margins by as much as 100bp despite a poor performance this year, while Eircom closed its repricing on Wednesday evening.

    • 13 Oct 2016
  • Powerflute tunes up €315m of buyout loans

    Finnish packaging firm Powerflute held bank meetings in London on Thursday afternoon for its €315m loan package backing its acquisition by Madison Dearborn Partners, as the LBO pipeline in Europe builds.

    • 13 Oct 2016
  • Flakt allocates LBO as pipeline grows

    Flakt Woods, the Swedish air conditioner supplier, allocated its €300m buyout term loan on Wednesday, at notably wider pricing than most other deals in the market of late.

    • 12 Oct 2016
  • Apollo takes back €500m pay-if-you-can notes from Verallia

    The recent surge of primary action in European high yield suffered a blow on Monday when Verallia pulled its €500m pay-if-you-can (PIYC) bond. But the market trotted on and kept its momentum.

    • 10 Oct 2016
  • Pret, Ufinet allocate as Element reprices

    Bridgepoint-owned Pret A Manger and Civen-owned Ufinet both allocated dividend recapitalisations on Thursday, while another Bridgepoint-owned firm, Element Materials, released price talk on a proposed repricing of its buyout loans signed only in February.

    • 06 Oct 2016
  • Klockner manufactures $1.05bn refi

    German film packaging manufacturer Klockner Pentaplast launched a $1.05bn-equivalent loan refinancing with a lender call on Wednesday afternoon as it looks to tap into the trend of tightening prices.

    • 06 Oct 2016
  • Euro Garages drives €1.16bn onto forecourt

    Euro Garages has launched €1.16bn of new loan facilities with a bank meeting on Thursday as it moves toward merging with European Forecourt Retail.

    • 05 Oct 2016
  • MPS allocates in 'mad' levloan market

    New York-headquartered Multi Packaging Solutions allocated its multi-currency term loan refinancing late on Tuesday afternoon, with several more deals scheduled to have followed this week.

    • 04 Oct 2016

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Oct 2016
1 UniCredit 15,780.75 62 10.56%
2 JPMorgan 12,594.51 30 8.43%
3 HSBC 12,277.00 39 8.22%
4 BNP Paribas 9,321.96 66 6.24%
5 Credit Suisse 9,123.47 18 6.11%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 Deutsche Bank 6,837.39 41 10.34%
2 Citi 6,260.32 20 9.47%
3 Goldman Sachs 5,607.49 32 8.48%
4 Barclays 5,062.99 27 7.66%
5 JPMorgan 3,571.74 29 5.40%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 JPMorgan 24,113.94 189 10.95%
2 Bank of America Merrill Lynch 21,185.25 153 9.62%
3 Goldman Sachs 19,086.62 124 8.67%
4 Barclays 18,642.87 119 8.47%
5 Citi 18,556.09 137 8.43%