Senvion amends bonds, protects itself with self-administration

Senvion, the wind turbine manufacturer, has placed itself in administration, an arrangement it hopes will enable it to keep trading while it negotiates with bondholders and other creditors ahead of a full debt restructuring.

  • By Owen Sanderson
  • 09 Apr 2019

Bondholders have also agreed to change the terms of the €400m 3.875% senior secured notes, the company’s only public issue, after a rapid fire consent solicitation launched on Friday.

The changes include protection for bondholders against Senvion raising more than €30m of additional debt or preferred stock financing, ...

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Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 5,937.79 40 6.95%
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3 Deutsche Bank 5,679.95 31 6.65%
4 JPMorgan 5,537.01 25 6.48%
5 Goldman Sachs 4,305.16 24 5.04%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
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1 Deutsche Bank 2,970.40 18 7.88%
2 Citi 2,783.23 20 7.38%
3 BNP Paribas 2,674.33 25 7.09%
4 JPMorgan 2,522.43 19 6.69%
5 Goldman Sachs 2,198.98 18 5.83%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 15,304.32 123 10.05%
2 Citi 13,757.18 113 9.03%
3 Bank of America Merrill Lynch 11,441.92 97 7.51%
4 Goldman Sachs 11,230.64 85 7.37%
5 Morgan Stanley 8,845.88 67 5.81%