Foncia repricing, A&O Hotels dividend

Hotel Check In
By Victor Jimenez
05 Dec 2017

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.

Foncia presented lenders with a pure repricing of its seven year term loans ‘B’ on Tuesday. It is proposing a tightening of the margin from 350bp to 300bp-325bp.

“Repricings are the story of the year,” said a leveraged finance analyst. “Margins keep tightening in Europe, to all ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.