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LevFin CLOs

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  • German chemicals firm CABB is planning to syndicate new add-on financing for its buyout facilities dating from the company’s acquisition by Bridgepoint and management in 2011.
  • Kuwait Foreign Petroleum Exploration Company (Kufpec) launched its new $750m five year loan facility into general syndication on Tuesday. The new line is now being marketed to a limited group of the firm’s relationship lenders.
  • Oliver Musset has been named as global head of the energy group within Société Générale’s natural resources and energy financing group.
  • A €70m term loan ‘B’ add-on for Spotless Holding, the BC Partners owned French cleaning products manufacturer, is expected to be oversubscribed after a strong syndication process. The financing marks the French borrower’s first transaction since it pulled its high yield bond offering back in June 2011.
  • Bankers working on Inghams Enterprises’ A$748m ($781.8m) leveraged buyout loan have received pledges from nine lenders in the early bird phase of the deal. The success means the loan is already fully covered and is unlikely to go into general syndication, said bankers.
  • Chongqing Grain Group’s $150m three-year loan was launched into general syndication by sole bookrunner DBS, the first time the state-owned company is targeting the syndicated loan market to raise funds.