Leads tighten Vue docs and pricing

Vue International’s revamped refinancing has tightened doc terms and pricing at the same time, ahead of commitments later on Tuesday, making it harder for part-owner Omers to take money out through its sub-debt —while also narrowing the OID and testing tighter pricing. The issuer may also include a sterling carve-out.

  • By Owen Sanderson
  • 18 Jun 2019

The cinema group tried to refinance its capital structure from bonds to loans in November last year, in an all-senior deal that included a sterling tranche. But Brexit uncertainty and weak market conditions killed the deal, with only a €114m delayed draw tranche placed in the market.

The ...

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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 6.43%
2 JPMorgan 5,589.28 27 6.28%
3 Credit Agricole CIB 5,408.68 30 6.07%
4 Deutsche Bank 5,084.59 30 5.71%
5 BNP Paribas 4,989.41 40 5.60%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.46%
2 JPMorgan 2,822.43 22 7.09%
3 Citi 2,783.23 20 6.99%
4 BNP Paribas 2,674.33 25 6.72%
5 Goldman Sachs 2,523.29 20 6.34%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,399.18 133 10.00%
2 Citi 14,953.44 126 9.12%
3 Bank of America Merrill Lynch 12,235.32 104 7.46%
4 Goldman Sachs 12,091.12 94 7.37%
5 Morgan Stanley 9,577.47 74 5.84%