CarVal will need second round of SRF refinancing

By Owen Sanderson
25 Nov 2019

Following the placement of Miravet 2019-1 at the €350m minimum deal size, CarVal will need a second shot at the market to finance the remainder of the €500m pool of Spanish reperforming loans it bought from Blackstone.

Miravet 2019-1 was priced on Friday afternoon, hitting the minimum €350m deal size after a relatively challenging syndication for the senior notes, which came at the wide end of the 100bp-110bp initial price thoughts range, with the book just once done.

CarVal will therefore return to the market, ...

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