Lecta’s bondholders hire advisers as restructuring looms

Lecta has announced that its bondholders are being represented by investment bank Houlihan Lokey and law firm Willkie Farr & Gallagher, as the Spanish paper company struggles to keep up with bond payments. Last month, the troubled company said it had hired Evercore and Rothschild to advice on “strategic alternatives”, including possibly restructuring the firm.

  • By Karoliina Liimatainen
  • 13 Sep 2019

Lecta is in “constructive dialogue” with the bondholder group, which represent the majority of the 2022 and 2023 senior secured notes, the company said in an announcement on Thursday.

According to Lecta, the bondholders are exploring — together with the company — ways to strengthen Lecta’s balance sheet and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,888.30 60 6.85%
2 Deutsche Bank 8,575.51 45 6.61%
3 Credit Agricole CIB 8,336.05 46 6.42%
4 JPMorgan 7,620.98 38 5.87%
5 Goldman Sachs 7,362.10 39 5.67%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 5,481.64 30 9.01%
2 JPMorgan 4,489.79 35 7.38%
3 Deutsche Bank 4,163.77 26 6.84%
4 Goldman Sachs 4,137.68 31 6.80%
5 Barclays 3,944.19 26 6.48%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,777.85 178 9.62%
2 Citi 20,535.92 160 9.07%
3 Goldman Sachs 16,887.66 130 7.46%
4 Bank of America Merrill Lynch 16,122.51 140 7.12%
5 Morgan Stanley 14,536.57 101 6.42%