Brexit anxiety kills refi loan from Vue

Cinema operator Vue International cancelled its £833m-equivalent leveraged loan offering amid increasing investor aversion to sterling risk, as the UK government and Parliament descended into a full-blown clash over the conditions for separation from the European Union.

  • By Victor Jimenez
  • 06 Dec 2018

Vue was out with a sizeable and complex loan deal that would have refinanced its entire capital structure, including the £134m bridge funding for its €222m (£197m) acquisition of German peer CineStar.

Vue wanted to sell £430m-equivalent in euros and £300m in sterling of senior secured term ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 5,725.19 29 6.33%
2 JPMorgan 5,589.28 27 6.18%
3 Credit Agricole CIB 5,555.86 31 6.14%
4 Deutsche Bank 5,234.59 31 5.79%
5 BNP Paribas 4,989.41 40 5.52%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 4,051.77 21 8.91%
2 Deutsche Bank 3,332.06 20 7.33%
3 BNP Paribas 2,987.66 27 6.57%
4 JPMorgan 2,855.76 23 6.28%
5 Goldman Sachs 2,523.29 20 5.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,276.28 137 9.81%
2 Citi 16,735.42 132 9.50%
3 Bank of America Merrill Lynch 12,882.26 107 7.31%
4 Goldman Sachs 12,730.92 97 7.23%
5 Morgan Stanley 9,867.65 77 5.60%