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
-
European leveraged loan investors have long been more conservative than their US counterparts, insisting on stricter terms and wider pricing. But with ever more European borrowers crossing the Atlantic to issue loans, lenders in Europe need to grow more flexible. If they don’t, they run the risk of losing out to stark competition from the US.
-
Noreco, or Norwegian Energy Co, has announced plans to restructure its bonds and raise new equity in a private placement. Holders of its Nkr3.1bn (€383m) of bonds would not lose out on face value under the plans, but would receive less interest and longer maturities.
-
RCS Media Group, a provider of pay TV and telecoms services in Romania and Hungary, is planning a €350m debut high yield bond alongside €300m of loans to refinance its capital structure.
-
Nocibé, the French perfumery store chain owned by Charterhouse, is in exclusive negotiations with Advent International for a buyout. Only a few days ago, Nocibé was premarketing a bond to high yield investors. -
Crédit Agricole is hiring two bankers, in the hope of strengthening its position in the leveraged loan and high yield bond market.
-
Investment grade loans bankers are a pessimistic lot, according to the latest poll by EuroWeek Loans. More than two thirds of the market expect Q4 2013 to hold at best nothing more than refinancings and at worst a three month spate of repricings and amend-and-extends.
