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BWICs spike and spreads widen but market remains constructive
Resets and refis prominent in pipeline as loan market softens, offering respite from repricing wave
Dasha Sobornova joins from Akin Gump with experience across asset classes
Trade body for levfin investors turns to leading rating analyst
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Nomura Securities has arranged a $413.5 million collateralized loan obligation for Crescent Capital Group, with the top-rated $257 million slice selling at a yield of 143 basis points over LIBOR.
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SHW, the German manufacturer of pumps and engine components, has signed a new credit facility of €60m, it announced on Thursday.
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Irish cheese and dairy group Glanbia plc is in discussions with its lenders regarding the extension of the company’s €320m bank loan set to mature in July 2013.
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Tullow Oil has signed $3.5bn of loan facilities to refinance its outstanding Reserves Based Lending credit lines due in 2015.
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Singapore’s Global A&T Electronics (Gate) is taking out a $125m loan from four banks, giving it a liquidity boost that should help it attract investors on a global bond roadshow over the next few weeks.
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Syndication of the £405m of leveraged loans backing KKR’s acquisition of Acteon is set to close oversubscribed after receiving a strong response from bank lenders, according to bankers close to the company.