High Yield Bonds

  • Valeo Foods looks for loans in Bain buyout

    Valeo Foods looks for loans in Bain buyout

    Valeo Foods, the Irish ambient food business, is looking to raise nearly €1.2bn-equivalent of loans to finance its secondary buyout by Bain Capital from previous sponsor CapVest Partners.

    17 Jun 2021
  • Virgin Media Ireland concedes on docs, targets wide end of talk

    Virgin Media Ireland concedes on docs, targets wide end of talk

    Virgin Media Ireland’s debut standalone leveraged loan has seen some resistance from lenders, and the company has conceded changes to the documentation, limiting its flexible to layer in additional senior debt. With commitments due on Thursday, it looks set to land at the wide end of the 325bp-350bp talk.

    17 Jun 2021
  • NH Hotels scores HY refi after shareholder injects cash

    NH Hotels scores HY refi after shareholder injects cash

    NH Hotels has successfully refinanced its existing 3.75% 2023 bonds with a new €400m five year non-call two high yield bond, with the hotel chain supported ahead of the issue by a €100m cash injection from its shareholder, Thailand’s Minor Group. It will carry on shoring up its liquidity position in the months ahead, with a €200m sale-and-leaseback deal set to close shortly.

    16 Jun 2021
  • BP, Iberdrola, Novartis star in corporate Bond Awards

    BP, Iberdrola, Novartis star in corporate Bond Awards

    GlobalCapital reveals today the winners of its Bond Awards 2021, including celebration of the achievement of top corporate banks and issuers — and Lifetime Achievement Awards for two of Europe’s most prominent corporate funding officials.

    16 Jun 2021
  • VPBank Finance ushers in rare diverse MLAB group on loan

    VPBank Finance ushers in rare diverse MLAB group on loan

    VPBank Finance, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has returned to the loan market just four months after its last deal. But this time around, it has brought together a diverse mix of lenders to run its fundraising — a rarity for transactions from the country. Pan Yue reports.

    16 Jun 2021
  • End of an era for Punch as it preps HY bond to pay off securitization

    End of an era for Punch as it preps HY bond to pay off securitization

    UK pub company Punch Taverns has launched a £600m senior secured high yield, which will pay off its remaining securitization debt in the Punch 'B' securitization — the only remaining part of Punch’s giant £2.4bn stack of securitized debt, the focus of one of the UK’s most contentious restructurings back in 2014.

    15 Jun 2021
  • Nomad Foods launches bonds for CEE expansion

    Nomad Foods launches bonds for CEE expansion

    Frozen food supplier Nomad Foods has launched the bond leg of the financing for its acquisition of central and eastern European peer Fortenova, having priced the loan part earlier this month.

    15 Jun 2021
  • Nouryon spin-out launches debt package

    Nouryon spin-out launches debt package

    Nobian, the industrial chemicals unit of Nouryon, launched the debt package for its spinout on Friday, offering up a €1.19bn ESG-linked five year term loan 'B' through Credit Suisse, HSBC and JP Morgan. This will be followed by a bond deal, which is yet to be announced, to complete the €1.615bn senior secured financing.

    14 Jun 2021
High yield bond news archive