PE backed defaults climb in US levfin

Claire’s Stores was the latest retailer to file for Chapter 11 bankruptcy protection on Monday, joining a handful of other private equity owned companies that became credit casualties last week. While CLO managers have generally traded out of the names, some older deals might be stuck with the loans, wrote Wells Fargo analysts on Monday.

  • By David Bell
  • 19 Mar 2018

Apollo-owned Claire’s Stores became the latest in a string of bankruptcies on Monday, following last week’s announcement that Toys ‘R’ Us would be liquidated, as well as iHeartMedia and Southeastern Grocers announcing debt restructurings.

Claire’s has reached an agreement with a group of first lien creditors led by ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 11,819.31 50 7.39%
2 Credit Agricole CIB 11,017.21 47 6.89%
3 Deutsche Bank 9,213.50 34 5.76%
4 HSBC 8,442.65 35 5.28%
5 UniCredit 8,427.21 49 5.27%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 3,647.43 42 7.27%
2 JPMorgan 3,279.22 34 6.53%
3 Deutsche Bank 3,153.00 28 6.28%
4 Credit Suisse 2,939.41 27 5.86%
5 Goldman Sachs 2,892.87 27 5.76%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,575.71 111 9.62%
2 Citi 10,815.50 91 7.67%
3 Goldman Sachs 9,536.47 76 6.76%
4 Bank of America Merrill Lynch 9,455.18 88 6.70%
5 Barclays 9,449.01 71 6.70%