Leveraged Loans - All Articles

  • London boroughs team up to invest in direct lending

    Five London boroughs are allocating a total of £250m of their pension funds' investments to private debt, in a move that could spark interest from other local authorities.

    • 29 Mar 2018
  • Coty keeps euro levfin awake on last day before Easter

    US beauty retailer Coty announced pricing at the wide end of guidance for its $2.45bn-equivalent of new leveraged loans on Thursday, while reaching the end of the roadshow for $2bn-equivalent of new high yield bonds.

    • 29 Mar 2018
  • Investors welcome Elysium’s refi deal

    This week, Elysium Healthcare successfully refinanced the loan that backed its leveraged buyout by BC Partners, getting a bigger size and better pricing three months after the original deal was met with a lukewarm reception from investors.

    • 28 Mar 2018
  • Fosun fires new $500m bullet loan into market

    Hong Kong-listed conglomerate Fosun International launched a $500m loan into general syndication this week, according to bankers close to the deal.

    • 28 Mar 2018
  • European levfin buyside gains momentum ahead of Easter feast

    European levfin investors are optimistic as the market heads into the Easter break, with buyers enjoying better pricing and terms even as issuers prepare to launch a fresh bout of speculative grade paper over the next few weeks.

    • 27 Mar 2018
  • Tourist trap: day trippers cannot resist the yield in levfin

    The traditional investment grade debt buyers that have ventured into Europe's high yield and leveraged loan markets since quantitative easing sucked much of the juice out of high grade markets are showing no sign of losing their thirst for levfin, despite the looming end of QE, writes Victor Jimenez.

    • 22 Mar 2018
  • NWD makes old loan green, sets up new framework

    Hong Kong-listed New World Development has converted a loan signed in March 2016 into a green loan, a first of its kind for the company and in line with its plan to promote sustainability across its business.

    • 21 Mar 2018
  • Top Glove seals $310m oversubscribed loan

    Malaysian rubber gloves manufacturer Top Glove Corp has sealed a $310m loan, with robust support from banks making the deal 2.5 times covered.

    • 20 Mar 2018
  • GCL New Energy set for new $150m loan

    GCL New Energy is opting to use a club route for a $150m loan, mandating Credit Suisse as the sole mandated lead arranger and bookrunner, according to sources.

    • 19 Mar 2018
  • Credit Suisse ropes in Morita to head Apac loan syndications

    Credit Suisse has named Sergio Morita as Ashish Sharma’s replacement to helm the loan syndications desk in Asia Pacific, according to an internal memo seen by GlobalCapital Asia.

    • 19 Mar 2018
  • Levfin to feast on €5.4bn take-private of TDC

    Barclays and Nordea will lead the financing of what is expected to be one of Europe's largest public to private takeovers this year, the acquisition of telecoms company TDC by DKT, a peer owned by a consortium of investors.

    • 16 Mar 2018
  • BIDV opens $100m borrowing through ANZ

    Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has mandated ANZ as the sole mandated lead arranger and bookrunner for a $100m bullet loan, according to sources close to the deal.

    • 16 Mar 2018
  • MeiHua to get first taste of loans with $200m debut

    Shanghai-listed MeiHua Holdings Group has launched its debut international loan, seeking $200m through a single bookrunner.

    • 16 Mar 2018
  • Europe’s lev fin market revs up for action

    European leveraged finance primary markets are roaring back into action, pleasing hungry investors this week. Borrowers and investors appear eagerly engaged in a stream of transactions that recalls the strong start of the year.

    • 15 Mar 2018
  • Uber: no banks, no bother

    Uber’s self-syndicated leveraged loan is not just another example of big tech’s ambitious approach to the capital markets but a tribute to the hot credit markets that make these efforts fruitful.

    • 15 Mar 2018
  • Natixis reworks top CIB team with hire from HSBC

    Natixis made a string of appointments at the top of its corporate and investment banking division on Wednesday.

    • 15 Mar 2018
  • Swissport increases its lev loan for Aerocare buy

    Swissport, the aviation services group, this week launched a €325m add-on to its euro leveraged loan to finance its acquisition of Aerocare, a peer based in Australia.

    • 14 Mar 2018
  • Puma Energy unit eyes $1.1bn triple-tranche financing

    A unit of Puma Energy is in the loan market, seeking $1.1bn across three tranches, according to a banker who received the invitation.

    • 14 Mar 2018
  • 3i hires four for Northern Europe, US

    UK-based 3i Group has added three people to its office in Amsterdam and one in New York, all in its private equity team, as it plans to boost business in its core markets.

    • 13 Mar 2018
  • STP gears up for new $590m dual-currency borrowing

    Solusi Tunas Pratama is set to begin marketing a new $590m-equivalent financing in dollars and rupiah to retail lenders, said bankers close to the trade.

    • 13 Mar 2018
  • CVC syndicates Spanish blockbuster loan for Gas Natural

    Private equity firm CVC and local investor Alba are funding their €3.8bn acquisition of 201m shares in Gas Natural, the energy group, with a €1.9bn loan, which is set to become one of the largest Spanish financial deals of the year.

    • 12 Mar 2018
  • Shenzhen Sunway jumps on Hibor fall for debut borrowing

    Shenzhen Sunway Communications has made a quick switch to Hong Kong dollars for its debut in the offshore loans market to take advantage of recent Hibor weakness.

    • 09 Mar 2018
  • Lev loan investors fancy biggies, HY tougher

    Demand for speculative grade debt took different directions in the European leveraged finance markets this week. The primary high yield bond market may be showing signs of investor stress, but leveraged loan investors are gulping down big deals at tight margins.

    • 08 Mar 2018
  • High street crunch sets off HY restructurings over real estate costs

    Debt holders of two insolvent UK speculative grade borrowers, fashion retailer New Look and restaurant chain Prezzo, are considering company voluntary arrangements (CVAs) to allow new property agreements. The result may offer the whole European retail sector a template to stave off what market experts a say risks being a spate of defaults. Victor Jimenez reports.

    • 08 Mar 2018
  • Tata Sons eyes $1.5bn return to loans after decade away

    Tata Sons is poised to end a decade-long absence from the syndicated loan market when it launches a $1.5bn transaction later this month.

    • 08 Mar 2018
  • SBI, Birla Carbon plan general syndication for latest refis

    State Bank of India’s latest $750m loan is set to move into the retail phase within the next couple of weeks, according to bankers.

    • 07 Mar 2018
  • Fly Leasing eyes $1.3bn financing for AirAsia acquisition

    Dublin, Ireland-based Fly Leasing plans to raise a $1.3bn loan to acquire aircraft assets from budget carrier AirAsia.

    • 07 Mar 2018
  • Tata Sons preps chunky loan after decade-long absence

    Tata Sons could launch a $1.5bn borrowing within the next two weeks, as the Indian firm prepares its return to the syndicated loan market after a decade.

    • 07 Mar 2018
  • SG names coverage heads for public sector and sponsors

    Société Générale has announced new heads of coverage for public sector entities and financial sponsors.

    • 06 Mar 2018
  • KEB Hana taps Chinese banks for €120m Hands facility

    KEB Hana Bank has closed a €120m syndicated financing for automotive parts manufacturer Hands Corp, roping in two Chinese lenders as arrangers.

    • 06 Mar 2018
  • Credit Suisse loses head of Asia Pacific loan syndications

    Credit Suisse’s top man in loan syndications for Asia is leaving the bank to pursue new opportunities, according to sources close to the move.

    • 05 Mar 2018
  • Loan buyers prepare for Unilever Spreads, Circet LBO feast

    On Friday, Unilever Spreads released guidance for its €4.6bn equivalent loan to fund its acquisition by KKR. French telecoms infrastructure group Circet also launched a smaller deal, a €570m loan package for its buyout by Advent. But investor demand isn't satisfied yet, say some market participants.

    • 02 Mar 2018
  • By the dozen: VietinBank finds 12 for $100m financing

    Vietnam’s state-owned VietinBank bagged commitments from 12 banks for its $100m loan during general syndication, with lenders from Europe, China and India jumping on-board.

    • 02 Mar 2018
  • Former SG levfin head joins Houlihan

    Ignacio Blasco, who was a leveraged finance banker at Société Générale for 12 years, has joined investment bank Houlihan Lokey after a short spell in direct lending.

    • 01 Mar 2018
  • Advent to take Laird private for £1bn

    Private equity firm Advent International has agreed to buy UK electronics company Laird for around £1bn, in a purchase that will be financed with debt.

    • 01 Mar 2018
  • Lenders log in to Lenovo $1bn loan

    Syndication of a $1bn loan for Lenovo Group got off to a roaring start with an encouraging turnout from banks at a Hong Kong roadshow this week. The Chinese company has made it clear it wants to recapture the top spot in the global personal computer market, but bankers are wary about how the firm will look to meet its goals. Shruti Chaturvedi reports.

    • 01 Mar 2018