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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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  • Circle Oil, the London-listed, Middle East and Africa-focused oil and gas company, has turned to the multilateral bank market for a $100m four year loan.
  • Computer maker Lenovo has signed up 12 banks to its $1.2bn five year, opting to close the deal as a club, with Citi acting as the co-ordinator.
  • OSX, the shipbuilding, oil equipment and services arm of Eike Batista’s crumbling Brazilian EBX conglomerate, has filed for bankruptcy with a Rio de Janeiro court, it said on Monday.
  • Six banks have committed to Vedanta Resources’s $1.2bn five year loan with a seventh in the midst of processing its documents. The deal is expected to close soon and the Indian mining giant is now preparing to mandate lenders for a second $500m borrowing.
  • E.On Energy from Waste, the waste treatment and disposal company owned by EQT Partners, is in the very early stages of discussions on a potential amendment of its buyout debt from earlier this year, EuroWeek understands.
  • Alcatel-Lucent sold its $750m high yield bond at the tight end of guidance on Thursday. The seven year senior notes were sold as part of the US-French telecoms equipment producer’s plans to transform its capital structure.