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
-
Dia, the Spanish discount supermarket listed on the Madrid stock exchange on July 5, will pay between 150bp and 190bp for its debut syndicated loan, which totals Eu1.05bn. The company, recently spun off from Carrefour, has signed the term loans and revolving credit facility for general corporate purposes and to refinance inter-company loans.
-
Private equity firm Advent International is raising Eu220m of senior and mezzanine financing for its buy-out of Dutch talc producer Mondo Minerals from HgCapital. BNP Paribas, IKB and RBC are underwriting of senior loans for the deal, while Ares has taken a Eu30m eight year mezzanine portion that will not be sold down.
-
Banks are working on a competitive new $1bn three and five year loan for mall and supermarket operator Majid Al Futtaim Holding (MAF), in a further sign of the continued reopening of the Dubai loan market. DP World’s holding company Ports & Freezone World has also launched an $850m five year loan (see separate story).
-
DP World’s parent company, Ports & Freezone World, has mandated Citi, Deutsche Bank, Emirates NBD and HSBC to arrange its $850m five year refinancing loan.
-
Despite Moody’s downgrading several Slovenian banks by three notches in June, Nova Ljubjanska Banka (NLB) has signed a Eu350m two year new money loan with a ratings-linked margin grid. NLB said that the new loan paid a margin of 150bp.
-
The U.S. Bankruptcy Court this morning approved a motion to hand over a pile of disputed assets once managed by GSC Partners to its senior lender Black Diamond Capital Management, squashing a plan GSC’s minority lenders proposed to redistribute the collateral.