Dia's backer LetterOne shops debt restructuring plan

LetterOne, the private equity firm that is the largest shareholder in Distribuidora Internacional de Alimentación, the Spanish supermarket chain, has drafted a debt restructuring plan for the troubled company that echoes the latest attempt of renewable energy group Abengoa to survive by cutting its leverage.

  • By Victor Jimenez
  • 11 Dec 2018

Sources have told GlobalCapital that Dia has launched unofficial conversations with creditors, as it tries to get to grips with its €1.4bn of net debt.

Dia will be removed from the Ibex 35 stockmarket index on December 24, the index’s advisory committee said in Madrid on Tuesday. 

The company's share ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,789.90 38 7.24%
2 Credit Agricole CIB 5,356.91 28 6.70%
3 Deutsche Bank 5,287.08 28 6.61%
4 JPMorgan 5,144.14 22 6.43%
5 Goldman Sachs 4,189.40 23 5.24%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 8.22%
2 Citi 2,605.77 18 7.21%
3 BNP Paribas 2,567.12 24 7.10%
4 JPMorgan 2,522.43 19 6.98%
5 Goldman Sachs 2,128.73 17 5.89%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 14,300.49 115 9.86%
2 Citi 13,126.25 106 9.05%
3 Bank of America Merrill Lynch 10,825.27 91 7.46%
4 Goldman Sachs 10,521.81 79 7.25%
5 Morgan Stanley 8,720.88 66 6.01%