Leveraged Loans - All Articles

  • Tata Steel mulls $2bn fundraising amid India expansion

    Tata Steel is in discussions with lenders for a $2bn borrowing to fund a proposed expansion in India and take out some debt raised by its European unit, said sources.

    • 22 Dec 2017
  • Lev loan market signs off record year with Dealogic’s €570m divi recap

    Dealogic could be one of the last leveraged loan deals to close in 2017. With allocations of its dividend recapitalisation loans due on Friday, the deal is likely to cap what has been an all-time record year of issuance in the European leveraged loan market.

    • 21 Dec 2017
  • IFC, GS support Vietnam's SMEs with loan

    International Finance Corp has joined forces with Goldman Sachs to extend a $110m syndicated loan to Vietnam’s An Binh Commercial Joint Stock Bank, a portion of which will be used to provide loans to women-owned enterprises in the country.

    • 21 Dec 2017
  • EQT swells €1.3bn fund in unrelenting alternative lending market

    European credit funds posted multi-billion inflows this year, as a wave of new investors searched for yield. EQT’s oversubscribed new Credit Opportunities III fund showed on Monday that the market is still pulling in cash to put to work in 2018.

    • 19 Dec 2017
  • Lev loan market vital for 2018 levfin jumbos

    All-time low funding costs have sparked record gross issuance of leveraged finance debt in Europe this year, including a stream of multi-billion sized deals. More are coming, market participants say, and leveraged loan demand will be key for them.

    • 14 Dec 2017
  • Nomad Foods reprices as investors scramble for BBs

    Leveraged loan investors are still at the table in a week many expected to be quiet. Double-B rated borrowers like Nomad Foods, the UK frozen food producer, found strong demand after slashing margins and selling add-ons.

    • 14 Dec 2017
  • Education firms fuel loan demand but size is key for lenders

    China New Higher Education Group has become the latest of a string of companies from the education sector to access the offshore loan market for funds. While Chinese education firms have mostly been well received by banks, market observers cautioned against drawing broad-brush conclusions. Reputable schools with scale will still be a top pick for lenders, while their lesser-known peers may find frostier conditions. Shruti Chaturvedi reports.

    • 14 Dec 2017
  • China New Higher Education opens debut loan

    China New Higher Education Group is making its debut in the international syndicated loan market with a HK$1.5bn ($192m) financing.

    • 12 Dec 2017
  • China Huiyuan Juice pours out second loan of 2017

    China Huiyuan Juice Group is in the loan syndications market for a €160m three year deal — its second fundraising this year.

    • 12 Dec 2017
  • M&G hires asset-based lending head from RBS

    M&G Investments has hired Oliver Wilson as head of asset-based lending in its six-person direct lending team, headed by James Pearce.

    • 11 Dec 2017
  • Bank group forms for Techcombank's loan

    Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is understood to be lining up a $150m-$200m borrowing in the international syndicated loan market.

    • 11 Dec 2017
  • Public Financial, LK Technology roll out HK dollar loans

    Public Financial Holdings has returned to the Hong Kong dollar loan market for a HK$1.1bn ($141m) refinancing.

    • 11 Dec 2017
  • MUFG hires ex-UniCredit banker for lev loan syndicate

    Mitsubishi UFJ Financial Group has appointed Alice Gastaldi to its leveraged finance division, the bank said on Thursday. She had been working at UniCredit for almost eight years.

    • 07 Dec 2017
  • Picard out with big refi as lower rated issuers dominate HY

    The euro high yield pipeline unveiled a battery of deals this week, six of them with ratings below double-B. The largest came from French frozen food retailer Picard Surgelés, which will refinance over €1bn of existing debt and pay a dividend to its private equity sponsors.

    • 07 Dec 2017
  • Apcoa to reprice €350m loan refinancing, but Belgian House of HR flexes margin

    Repricings and refinancings have dominated this year’s leveraged loan issuance. This week, Apcoa added one more such deal. But investors proved they can still discriminate, as House of HR had to sweeten the terms of its new refinancing loan.

    • 07 Dec 2017
  • Tian Lun Gas exits with nine for HK$1.25bn borrowing

    Nine banks have formed the syndicate for a HK$1.25bn loan for Hong Kong-listed China Tian Lun Gas Holdings.

    • 07 Dec 2017
  • Scant supply of dollar deals from Thailand boosts CPF loan

    Charoen Pokphand Foods (CPF) has brightened up Thailand’s offshore syndications market, tapping international liquidity for a $625m loan. With few other deals from the southeast Asian country whetting lenders’ appetite, banks are keen to take a piece of the fundraising. Shruti Chaturvedi reports.

    • 07 Dec 2017
  • Foncia repricing, A&O Hotels dividend

    Investor support for leveraged loan deals where the issuer is only seeking to cut margins remains so strong that some borrowers, such as French real estate group Foncia, may do it twice this year.

    • 05 Dec 2017
  • Dongxing Securities HK hikes maiden loan to $400m

    Dongxing Securities (HK) Financial Holdings has found success with its maiden loan outing, managing to raise the size of the deal to $400m from $300m.

    • 05 Dec 2017
  • Asian sustainable lending needs a big push

    A novel green loan for Singapore-listed Wilmar has put a focus on sustainability-based borrowings in Asia — or the lack thereof. But now the agribusiness company has provided a template for such financings, the onus is on banks and borrowers to push for change in the region. The benefits may be intangible, but they will be more far-reaching than a few extra basis points on the P&L.

    • 05 Dec 2017
  • Vedanta unit's $575m borrowing nets two commitments

    A $575m loan for Twin Star Mauritius, a subsidiary of mining company Vedanta Resources, has attracted two commitments since its launch into general syndication in September. But the deal remains open to participants with a few more lenders expected to chip in, said two bankers close to the matter.

    • 05 Dec 2017
  • Two lev loan issuers bring new paper

    French insurance broker Financière CEP and UK frozen food producer Nomad Foods have launched refinancing offerings to increase the size of existing debt.

    • 04 Dec 2017
  • Trio brings $150m Aegis LBO loan to the market

    A two-part loan for Singaporean private equity firm Capital Square Partners’ acquisition of business process outsourcing company Aegis has entered into general syndication.

    • 04 Dec 2017
  • Thailand's CPF enlists two for $625m borrowing

    CPF Investment, a unit of Thai firm Charoen Pokphand Foods (CPF), has approached the syndicated loan market for a $625m borrowing.

    • 04 Dec 2017
  • Tian Lun Gas wraps up HK$1.25bn borrowing with nine

    Hong Kong-listed China Tian Lun Gas Holdings has signed its HK$1.25bn ($160m) five year borrowing with a group of nine lenders, said bankers close to the deal.

    • 01 Dec 2017