Cabot lengthens maturities as Intrum strikes Greek NPL deal
UK-based debt purchaser Cabot Credit Management has extended its maturity profile with an opportunistic refinancing of its 2021 high yield notes, with solid demand for the deal allowing it to redeem a sterling tranche as well.
Left lead Morgan Stanley offered a new €310m five year FRN through Morgan Stanley on Tuesday, with whispers of 650bp-675bp, and guidance in line with these levels.But strong demand during syndication allowed the company to increase the deal size to €400m and tighten pricing to 637.5bp. The larger ...
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