Leveraged Loans - All Articles

  • Axis Bank loans banker bound for Cantor Fitzgerald in HK

    The head of credit for Axis Bank in Hong Kong has resigned and will be joining financial services firm Cantor Fitzgerald in October, sources told GlobalCapital Asia.

    • 29 Sep 2017
  • Secondaries shrug off €365m levloan portfolio sales

    Bids came due this week on two leveraged loan portfolios totalling €365m and leveraged finance bankers said that the secondary market managed to absorb the sales without any wobbles.

    • 28 Sep 2017
  • Norske Skog restructuring thrown into fresh doubt

    The debt restructuring saga at Norwegian paper company Norske Skog has taken another sharp turn a day after seemingly reaching a breakthrough with investors, after a group claiming to represent more than half of the company’s unsecured creditors rejected the latest proposal.

    • 28 Sep 2017
  • ING to bring in levfin director from SG

    ING is planning to bring on a director of leveraged capital markets from Société Générale early next year.

    • 28 Sep 2017
  • Almaviva’s Ebitda adjustment raises hackles

    Italian technology company Almaviva is marketing a €250m five year non-call two year senior secured high yield bond, the marketing of which has rankled investors because of its treatment of adjusted Ebitda.

    • 27 Sep 2017
  • MacKenzie bolsters UBS levfin ranks

    Bruce MacKenzie has joined UBS as a managing director in the bank's EMEA leveraged capital markets business, according to an internal memo seen by GlobalCapital.

    • 27 Sep 2017
  • Levloans braced for whole lot of Wind

    Italian telecoms firm Wind is expected to return to the high yield bond and leveraged loan market to refinance debt in the coming weeks, with two investors expecting the combined volume of financing to be about €10bn.

    • 27 Sep 2017
  • Investors worried they should be worrying more about corporate debt

    Corporate bond spreads have been on a steady grind tighter for around six months. Despite geopolitical surprises and much debate around interest rate rises and tapering of quantitative easing, the market has rarely been knocked off its path. But is now the time to worry more?

    • 27 Sep 2017
  • CALC aircraft pre-delivery financing soars to $425m

    China Aircraft Leasing Group Holdings (CALC), which made its offshore loan market debut last year, has allotted its new $425m borrowing after bumping it up.

    • 27 Sep 2017
  • HSBC snaps up BAML levfin banker in Asia

    HSBC has hired a former Bank of America Merrill Lynch banker to its leveraged and acquisition finance team in Hong Kong.

    • 27 Sep 2017
  • GPC gears up for AAG buy with new debt

    Genuine Parts Company (GPC) will issue $2bn of bonds and loans and ramp up the size of an existing revolver to fund its purchase of France’s Alliance Automotive Group (AAG) when it buys the auto parts wholesaler from private equity towards the end of this year.

    • 26 Sep 2017
  • Norske Skog recap inches towards senior approval threshold

    Norway paper producer Norske Skog has almost won enough support for its last ditch attempt to stave off insolvency, after the majority of holders of it s senior bonds due 2019 agreed to the firm’s recapitalisation proposal with just days left until the final deadline.

    • 26 Sep 2017
  • HomeVi prepares loan launch

    France’s HomeVi is set to launch a €1.15bn loan package into syndication to refinance its outstanding 2021 bonds, months after the company’s private equity owners entered into exclusive talks to sell the elderly care services provider.

    • 26 Sep 2017
  • Nets board urges approval of Hellman & Friedman $5.3bn takeover offer

    US private equity firm Hellman & Friedman has made a $5.3bn-equivalent takeover offer for digital payments company Nets, with the Nordic company urging investors on Monday to accept the deal.

    • 26 Sep 2017
  • Nets board urges approval of Hellman & Friedman $5.3bn takeover offer

    US private equity firm Hellman & Friedman has made a $5.3bn-equivalent offer for digital payments company Nets, with the Nordic company urging investors on Monday to accept the deal.

    • 25 Sep 2017
  • Leveraged risk: this time it’s different, says Fitch

    The European leveraged credit market’s return to pre-financial crisis levels of valuations and leverage multiples does not come with as many risks as it did a decade ago, despite striking similarities in the market, according to Fitch.

    • 25 Sep 2017
  • I Squared $900m LBO loan finds overwhelming demand

    I Squared Capital’s $900m-equivalent Hong Kong dollar loan backing its acquisition of Hutchison Global Communications (HGC) pulled in more than 20 banks during senior syndication, with more expected to join before the deal wraps up this week.

    • 25 Sep 2017
  • BCEL eyes $100m in offshore loan debut

    Banque Pour Le Commerce Exterieur Lao Public (BCEL), the biggest state-owned lender in Laos, is set to make its offshore loan debut with a $100m four year facility.

    • 22 Sep 2017
  • Samson Paper bags HK$780m in loan return

    Samson Paper raised HK$780m ($100m) from its latest outing to the syndicated loan market, with strong demand lifting the deal from an initial size of HK$570m.

    • 22 Sep 2017
  • Stada cuts loan size and tightens pricing ahead of commitment deadline

    Stada, the German pharmaceutical firm, has shrunk its leveraged loan by €250m and increased its high yield bond by the same amount, ahead of the loan's commitment deadline on Thursday.

    • 21 Sep 2017
  • Mattel loosens debt covenants after Toys ‘R’ Us bankruptcy

    Toymaker Mattel has loosened the terms of its revolving credit facility for the second time this year after key buyer Toys ‘R’ Us filed for chapter 11 bankruptcy on Monday.

    • 21 Sep 2017
  • Waskita raises profile with Rph5tr syndication

    Indonesia’s Waskita Karya sealed a Rph5tr ($375m) loan this week, in a rare syndication with international banks. While the borrower raised its profile as it tapped into pockets of rupiah liquidity from foreign lenders, the deal also illustrated the push by north Asian banks to deploy their balance sheet in Indonesia. John Loh writes.

    • 21 Sep 2017
  • Lotte Vietnam allocates $300m loan to five

    Standard Chartered has allocated a $300m offshore financing for Lotte Vietnam Shopping to four additional banks, following general syndication.

    • 21 Sep 2017
  • Credit Suisse hires top levfin banker Ross

    Credit Suisse has hired David Ross, a veteran of the EMEA leveraged finance markets, to co-head its EMEA leveraged finance capital markets group.

    • 18 Sep 2017
  • Puma's $425m pushes loan tenor to five years

    Puma Energy, the midstream and downstream oil company, has signed a five year loan that was oversubscribed by its relationship banks.

    • 18 Sep 2017
  • Interoute to hang up on HY bonds with new refi loan

    Interoute, a UK network and cloud services operator, is set to refinance its only high yield bond issue with a new leveraged loan that it launched this week.

    • 18 Sep 2017
  • Laotion borrowers eye offshore loan market

    A trio of borrowers from Laos are looking to hit the international loan market soon, with Cathay United Bank guiding lenders towards a possible launch date.

    • 18 Sep 2017
  • Huarong International seeks HK$3bn one year

    Huarong International Financial Holdings is in the market with a HK$3bn ($383m) two-tranche offshore financing led by a pair of Taiwanese lenders.

    • 18 Sep 2017
  • SG moves London banker to head Apac acquisition finance

    Société Générale Corporate & Investment Banking has brought in a senior executive from London to head its Asia Pacific acquisition financing unit.

    • 18 Sep 2017
  • CIMC Enric, CPI Ronghe open loans into general

    Chinese storage and transportation equipment provider CIMC Enric Holdings is seeking a $150m three year loan from the offshore market.

    • 15 Sep 2017
  • Partners Group to launch Civica loans

    The European leveraged loan deal pipeline for September keeps growing, now topping €7bn from more than 10 borrowers. The latest facility is for UK software firm Civica, which Partners Group has acquired from OMERS Private Equity.

    • 14 Sep 2017
  • Debut Chinese borrowers drive hard bargains for loans

    A slew of Chinese firms are making their debuts in the offshore loan market, with the pricing on offer reflecting a borrower base that is increasingly confident and savvy when negotiating terms with lenders, writes Shruti Chaturvedi.

    • 14 Sep 2017
  • EQT funds Lion Capital for Grenade acquisition

    Lion Capital, the consumer specialist private equity firm, has funded the acquisition of a controlling stake in sports nutrition brand Grenade with a credit facility from EQT.

    • 12 Sep 2017
  • Synlab flexes but angst in store for lev loans under €400m

    Synlab, the French clinical services provider, achieved tight pricing on Tuesday for its leveraged loan. That bodes well for a September deal pipeline that has swelled to over €5bn. But bankers cautioned small deals may still have to fight for investor attention against large offerings like Stada’s €2bn loan.

    • 12 Sep 2017
  • Chinese banks woo foreign participants for OBOR projects

    Syndicated loan activity in Asia ex-Japan may have slumped this year, but the slowdown is not all bad. The numbers show a return to normalcy in the region following an unusually stellar year of business in 2016, according to speakers at a loan market conference last week.

    • 12 Sep 2017
  • Embattled Huishan Dairy given three days to repay $220m

    HSBC has demanded repayments of principal and interest totalling $220m for loans raised by troubled China Huishan Dairy Holdings, about five months after it declared an event of default on a $200m syndicated loan.

    • 12 Sep 2017
  • Dongxing Securities HK seeks maiden $300m loan

    Dongxing Securities (HK) Financial Holdings is making its debut in the international loan market with a $300m two tranche deal.

    • 12 Sep 2017
  • China’s Luxshare Precision reboots with $300m loan

    Chinese consumer electronics parts maker Luxshare Precision Industry has returned to the debt market for a $300m three year senior unsecured term loan, after an absence of nearly two years.

    • 12 Sep 2017
  • Vedanta's $575m borrowing enters general syndication

    A $575m loan for Twin Star Mauritius, an entity under mining giant Vedanta Resources, entered general syndication on Monday with five banks at the helm.

    • 11 Sep 2017
  • China Modern Dairy churns out $300m loan with three

    China Modern Dairy, which prepaid an old syndicated loan early last year, is back for a $300m three year offshore borrowing.

    • 08 Sep 2017
  • Mu Sigma bags three commitments in general

    General syndication for Indian data analytics firm Mu Sigma’s debut loan is in its last leg, with three banks having committed so far.

    • 08 Sep 2017
  • BNPP hires Valet for sponsors push

    BNP Paribas has hired a senior banker from Bank of America Merrill Lynch as part of an expansion of its financial sponsors coverage effort.

    • 07 Sep 2017
  • Terms emerge for Gajah Tunggal $250m financing

    Pricing has emerged for a $250m borrowing for Gajah Tunggal, an Indonesian tyre maker, according to bankers.

    • 07 Sep 2017
  • Chailease allocates $250m 3yr on strong demand

    Chailease International Finance Corp has sealed a $250m term loan after obtaining more funds than initially planned, in its second outing to the market this year.

    • 07 Sep 2017
  • Blackstone schedules Clarion cov-lite loans

    Clarion Events is set to launch the loan funding for its acquisition by private equity firm Blackstone next week or soon after. The buyer also has funding for a deal to buy Paysafe in the pipeline.

    • 06 Sep 2017
  • Carlyle to take French Prima to global insurers

    US private equity firm Carlyle agreed to buy Prima Solutions on Wednesday, deploying its Europe-focused technology fund to so. European market participants say this could be the start of US sponsors growing more active in Europe.

    • 06 Sep 2017
  • BNI launches $500m fundraise into general

    Bank Negara Indonesia (BNI) has invited lenders to participate in a five year $500m fundraising, with general syndication kicking off on Monday.

    • 06 Sep 2017
  • Levloan deal charge grows amid underwriters’ concern

    Two levfin issuers, Sebia and Refresco, this week added €3bn to an already large pipeline of euro and dollar-denominated leveraged loans being touted around a bustling European market. But some bankers are fretting that underwriters face little room for mistakes if pricing widens.

    • 05 Sep 2017
  • Four climb aboard Aster DM’s $295m facility

    The first round of transfers has been completed for a $295m borrowing for UAE based healthcare provider Aster DM, according to sources.

    • 05 Sep 2017
  • Allotments out for Adira Dinamika's bigger $250m loan

    Adira Dinamika Multi Finance has signed up lenders to a $250m borrowing, following a good run in general syndication that allowed the company to hike the loan.

    • 05 Sep 2017
  • Carlyle’s Praesidiad LBO loan in heavy week

    Praesidiad, a Belgian perimeter security company, launched the term loan for its acquisition by private equity firm Carlyle on Monday, in what was a busy week for the market. More than €2.5bn of loan deals have been launched in the past four days.

    • 04 Sep 2017
  • Adani mines for A$250m loan for Oz project

    Adani Abbot Point Terminal, a unit of Indian conglomerate Adani Group, is hunting for an A$250m ($199m) syndicated loan, with the deal open to new lenders.

    • 04 Sep 2017
  • ANZ picks Shoji to head Japan specialised finance

    ANZ has hired Hodaka Shoji as head of specialised finance for Japan, wooing him from Mizuho AsiaInfra Capital (MAIC) in Singapore.

    • 04 Sep 2017
  • IDFC Singapore promotes from within for new CEO role

    The Singapore-based arm of IDFC Securities has appointed a chief executive officer, a newly created position after it obtained a capital markets services licence for the city-state.

    • 04 Sep 2017