Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Refinancing transactions from commodity trading firms —including Vitol, Ecom Agroindustrial, Stemcor and Arcadia Petroleum— are expected to be oversubscribed in syndication, after the borrowers took into account the higher dollar costs of their lending banks in the pricing of the deals.
-
A €300m loan backing CVC’s takeover of payroll and human resources services provider Raet has been well received in syndication, giving hope to leveraged loans bankers about the level of investor demand in the primary markets. The loans, which support the buyout of the Dutch company from Alpinvest Partners and Advent International, are expected to be wrapped up on Friday.
-
India’s Jindal Steel & Power signed its $475m loan refinancing on Tuesday, getting $80m in commitments after strong support from Middle Eastern and Taiwanese lenders.
-
Taiwanese banks are invoking market disruption clauses in syndicated loan documentation, according to funding officials and bankers.
-
New Amsterdam Capital Management, a European credit manager, is looking to purchase one or two collateralized loan obligations as part of its expansion plans, according to John Seal, a partner at the London-based firm.
-
Margins on European leveraged loans could exceed 500bp as demand from investors shows little sign of increasing, according to a EuroWeek survey of market participants.