Loxam squeezes senior-sub split with twin tranche refi
Loxam, the France-based equipment rental company, refinanced a secured and subordinated high yield bond with a twin tranche new issue this week, cutting its funding costs, the spread between the tranches, and showing the strength of the bid for subordinated paper.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: