Leveraged Loans - All Articles

  • EQT expected to join EMEA IPO pipeline

    Swedish private equity firm EQT is likely to bring its IPO to market before the end of the year, joining a host of high quality European listings.

    • 29 Aug 2019
  • Apollo backs retail vehicle with focus on Spain and Italy

    Alteri Investors, backed by Apollo Global Management, is launching a second investment vehicle focused on the European retail sector, as it sees opportunities to invest in that troubled industry.

    • 28 Aug 2019
  • Joy City returns for $800m dual-tranche loan

    China’s Joy City Property has returned to the loan market for an up to $800m facility.

    • 26 Aug 2019
  • Banks go broader and deeper in revamp of corporate broking

    Banks like Goldman Sachs have positioned corporate broking as part of a wider, integrated offering to clients — a strategy that appears to be the future of this traditional UK line of business, writes David Rothnie.

    • 22 Aug 2019
  • Blackstone’s Essel loan launches into general

    A $170m loan supporting Blackstone’s acquisition of Essel Propack (EPL) has been launched into general syndication, attracting two lenders already.

    • 22 Aug 2019
  • Sunac China raises $280m from five banks

    Sunac China Holdings has raised a $280m loan term from five lenders.

    • 21 Aug 2019
  • HSBC plucks Welsh in UK coverage push

    Ed Welsh will join HSBC in November as global head of business services, although his work is expected to be heavily centred around the UK, as the bank ramps up efforts to gain market share among the country’s biggest listed firms.

    • 20 Aug 2019
  • Barclays gives Blackman UK coverage job

    Alastair Blackman, formerly a top media investment banker at Deutsche Bank, will be developing relationships with the heads of UK firms on behalf of Barclays from next month.

    • 20 Aug 2019
  • FEC seeks HK$1bn bridge loan for Kai Tak site

    Far East Consortium International (FEC) is in talks with banks to raise a bridge facility of around HK$1bn ($127m) to support its acquisition of a land plot in Kai Tak, this site of Hong Kong's old airport, from the government.

    • 20 Aug 2019
  • HDFC makes quick return for $200m

    Housing Development Finance Corp has made a quick return to the syndicated loan market for a $200m borrowing, five months after it sealed a Samurai loan.

    • 16 Aug 2019
  • People moves in brief

    Bank of America Merrill Lynch hires fintech chief — Perella Weinberg builds European restructuring team — UniCredit finds SSA trading boss.

    • 15 Aug 2019
  • MGM China joins the trend of casinos seeking unsecured loans to take out old borrowings

    Macau casino operator MGM China has raised its first unsecured borrowing, joining a handful of companies raising straight loans to replace outstanding secured facilities. Bankers think that plenty more casinos will take a punt on the format. Pan Yue reports.

    • 15 Aug 2019
  • Perella Weinberg hires again in Europe restructuring push

    Romain Lanier has joined Perella Weinberg Partners from fellow advisory firm PJT Partners to be a managing director in the European financial restructuring team.

    • 14 Aug 2019
  • Chinasoft launches HK$1bn loan into general

    China IT company Chinasoft International has returned to the syndicated loan market after six years, seeking a HK$1bn ($127m) facility.

    • 14 Aug 2019
  • MGM China raises HK$9.75bn for refinancing

    MGM China has raised a HK$9.75bn ($1bn) unsecured revolving credit facility with a group of 13 lenders to repay its old secured borrowings.

    • 13 Aug 2019
  • Risk costs snag Commerz as outlook worsens

    Michael Reuther, head of Commerzbank’s corporate clients division, expects more firms to enter the bank’s "intensive care department" as economic pressures weigh on European corporates. And in his unit the cost of risk more than tripled in the second quarter, helping to shrink operating profits.

    • 07 Aug 2019
  • Barings extends lending push with €1.5bn fund

    Barings has raised €1.5bn for its second European private loan fund, as the asset manager looks to grow a business that has seen the company lend €3bn over the last two years.

    • 07 Aug 2019
  • April sends out invitations for $1bn loan

    Asia Pacific Resources International Holdings (April), a subsidiary of Royal Golden Eagle, has made a quick return to the loan market for a self-arranged borrowing of up to $1bn.

    • 06 Aug 2019
  • KKR to bolster Axel Springer buyout package with €935m loan

    Axel Springer's shareholders have given a green light to a public-to-private takeover offer from KKR, which values the German media company at €6.7bn.

    • 05 Aug 2019
  • Commerz names head of syndicated and leveraged finance

    Commerzbank has appointed its first head of syndicated and leveraged finance, a unit created within its new capital markets division.

    • 05 Aug 2019
  • New Frontier eyes $300m acquisition loan

    New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning to raise $300m-equivalent to support its $1.44bn purchase of China’s United Family Healthcare.

    • 02 Aug 2019
  • Aboitiz Power closes acquisition loan with 22 banks

    The Philippines’ Aboitiz Power Corp has found support from a group of 22 banks for a $300m loan that will finance its acquisition of AC Energy’s thermal power company.

    • 02 Aug 2019
  • Gender bond pioneer to combat ‘vulture funds’ in Ireland

    Paul Byrne, the treasurer who helped structure the first additional tier one (AT1) gender equality bond, is joining Quartech, the asset manager of HomeOptions, an ESG not-for-profit firm that aims to challenge private equity funds purchasing mortgage portfolios in Ireland.

    • 01 Aug 2019
  • BNP Paribas takes Nomura’s McNaught for UK advisory

    Andrew McNaught will lead BNP Paribas’ UK advisory team from the end of the month, as the French bank plans to develop its corporate operations in the country “further, faster”.

    • 01 Aug 2019
  • Domanico moves on again at Créd Ag

    Crédit Agricole has appointed Sébastien Domanico as head of global markets for Europe, the Middle East and Africa, just weeks after he was picked to lead a different division at the bank.

    • 01 Aug 2019
  • M&A financing moves up a gear as new deals hit market

    A recent flurry of leveraged and acquisition financing activity in Asia has caught the attention of loans bankers hungry for new assets. But as trade tensions and fears about a growth slowdown ramp up, the pressure on the market is high, writes Pan Yue.

    • 01 Aug 2019
  • Banks run to stand still in PE coverage race

    Banks are racing to expand their sponsors coverage teams as they fight to remain relevant to private capital providers at a time of disintermediation in investment banking. By David Rothnie.

    • 01 Aug 2019