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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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Italy’s electric motor manufacturer Marelli Motori is set to launch an all-loans debt package to finance its leveraged buy-out by Carlyle.
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Bain Capital is looking to sell a high yield bond for its planned takeover of Maisons du Monde. The US private equity firm has entered into exclusive negotiations to buy the French furniture retailer for close to €650m.
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The UK’s LSL Property Services has signed a new £100m credit deal, comprising a £95m revolver and a £5m overdraft facility.
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A €2.5bn-equivalent cov-lite loan backing the €3.3bn acquisition of German publisher Springer Science by private equity firm BC Partners should prove no challenge for European investors, according to leveraged loan bankers.
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Industrial measurement services company Trescal is launching a new €168m leveraged loan package to support the firm’s buy-out by AXA in a deal worth €250m before costs.
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Lenders' fears were realised on Thursday after Akbank priced its $1.5bn-equivalent refinancing facility at 75bp all-in — the low end of bankers' predictions.