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LevFin CLOs

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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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  • Shareholders in UK infrastructure and business services group Mouchel’s have been left empty-handed after they rejected a proposed restructuring of the company. The company’s administrator KPMG will now sell the firm to its lenders.
  • The deadline for first round bids for Polish cable operator Multimedia Polska has been extended from September 7 to September 21. Interested parties, including private equity firms Cinven and Permira, cable investor Liberty Global and at least one other corporate, now have a further two weeks to prepare their bids.
  • Around 20 Taiwanese banks are looking to commit to Citic Resources Holdings’ latest dollar loan, after it offered a juicier return than a recent deal from one of its mainland rivals.
  • FIG
    Standard Bank of South Africa will sign a new loan with a syndicate of Asian lenders on September 4.
  • Turkish conglomerate Dogus Holding has signed a $254m-equivalent oversubscribed three year loan from seven banks.
  • K-Wah International Holdings has signed a HK$2.8bn ($361m) loan, increasing the deal well beyond the HK$1.05bn it had originally planned after getting demand from 13 banks in syndication.