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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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  • Numéricable saw quick interest as it began bookbuilding for a €650m IPO on Monday, which hopes to take advantage of growing investor optimism for French M&A and cable deals.
  • Private equity firm Permira is set to finance its £300m acquisition of boot maker Dr Martens with an all-senior loan package provided by a club of four banks and one investment fund.
  • Host Europe Group, the UK web host owned by private equity firm Cinven, has acquired Germany’s Domainfactory.
  • London-based Mint Partners is looking to put together a novel collateralized loan obligation-type transaction backed by loans made to U.K. property developers for prime residential developments in London.
  • Austrian oil and gas company OMV is close to signing a €1.5bn refinancing. But at least two of the firm's relationship banks have dropped out of the deal because the pricing was too low.
  • Romanian pay TV and telecoms provider RCS & RDS increased its debut bond to €450m on Friday, as strong investor interest swelled the book to €3bn.