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
-
KCA Deutag, the Scottish drilling contractor, has dropped plans for a covenant lite term loan to be marketed in the US after demand fell below expectations. It has instead approached its lenders for consent to price $500m-$600m of high yield bonds sitting pari passu with its existing bank debt.
-
The return of the European CLO market has taken another leap forward after the successful pricing of two new CLOs in a week. With spreads in the debt tranches of the three CLOs sold this year getting consecutively tighter, CLO specialists expect other big CLO managers will be lining up deals.
-
A new private debt fund hopes to entice institutional investors into emerging market loans, but banks must be at the forefront of teaching these newcomers how the market works.
-
Bankers working on shoemaker Pou Chen Corp’s NT$10bn ($334m) five year loan have signed the deal and finalised the allocations, after receiving commitments from a large consortium of lenders, many of which pledged chunky amounts.
-
Dangote Group, the Nigerian industrial conglomerate, is in talks with lenders for a debut syndicated loan of $3.5bn.
-
Power Finance Corp has sent out a request for proposals to banks for a $100m loan, which can be increased to $250m with a greenshoe option, and is giving lenders until May 3 to make pitches.