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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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  • Metinvest, the B2/B rated Ukraine metals group, announced on Thursday that it has fully repaid its $1.5bn five year facility signed in 2007. At the time, it was the biggest loan from Ukraine and it remains Metinvest’s largest deal.
  • Neuberger Berman has hit the market with its first collateralized loan obligation since the crisis.
  • Fomento de Construcciones y Contratas (FCC), the Spanish building firm, completed a €508m three year syndicated loan on Tuesday.
  • Deceuninck, the Belgian PVC window manufacturer that went through a debt restructuring in 2009, has signed a €140m five year senior loan with five banks.
  • UK private equity firm Charterhouse has bought German safety technology group Bartec from Swiss investor Capvis in a deal expected to be financed through the leveraged loan market.
  • Russia’s Siberian Coal Energy Company (Suek) has signed a $200m export credit agency-backed term loan.