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
-
The €393.5m mezzanine facility being used to refinance a bridge loan underwritten to support the buy-out of Swedish security firm Securitas Direct is offering investors a headline margin of 1075bp over Euribor with an OID of 97. Some 375bp of the margin will be paid in cash, while 675bp is in payment-in-kind.
-
Denmark’s Dong Energy has cut the cost of its bank facility, replacing a €750m loan signed in May last year with a new €1.3bn five year plus one plus one revolver.
-
Turkey’s Akbank has signed a one year loan that carries all in pricing 100bp, refinancing the one year portion of a $1.2bn loan signed last summer.
-
Indonesia’s Bakrie Sumatera Plantations was hit by bad news this week, after Standard & Poor’s put it on negative rating watch, only days after it had started to find demand for a $250m dual-tranche loan.
-
Bank of India signed a $200m three year loan this week, increasing the deal by $25m after getting good demand in syndication, despite the borrower cutting fees by 18bp compared to a similar loan it closed last year.
-
A motion by WCAS Fraser Investment to spin off about $2 billion in two new collateralized loan obligations from Lehman Brothers’ legacy commercial loan portfolio was approved today by the bankruptcy court.