Latest leveraged loan news
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US department store Sears files for long awaited bankruptcy
Sears filed for Chapter 11 bankruptcy on Monday as a $134m interest payment came due and efforts to restructure the firm’s debt out of court failed.
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Retail, media issuers in focus despite low defaults
S&P Global said that consumer products, media and oil and gas were the most represented sectors on its list of ‘weakest links’ in sub-investment grade corporate debt, which remains relatively small in a low default environment.
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Loans in Brief: 11/10/2018
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Coffee group Jacobs Douwe Egberts smells tighter margins
The leveraged loan markets are so awash with demand that investors appear willing to allow Jacobs Douwe Egberts (JDE) to cut funding costs even as it extends maturities.
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Euro levfin primary steady amid Italian noise
Investors in speculative grade debt are joining the discussion about the potential conflict over fiscal policies between Italy and the European Commission. But the leveraged finance markets are still keeping busy.
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Fintech M&A value soars
Global fintech M&A has surged by more than a quarter year-on-year by value, as consolidation grips the upper echelons of the market.
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American Tire files for Chapter 11 battling industry pressures
American Tire Distributor (ATD) filed for Chapter 11 bankruptcy on Thursday after battling shifts in the tire industry that saw two major manufacturers cut ties with the firm earlier this year.
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Distributed Power leveraged loan deal enjoys cross-border price tightening wave
Most European leveraged loan deals in October are achieving savings of 25bp and more over price talk, with demand on the rise. The loan offering to fund Advent’s buyout of Distributed Power confirmed this trend, as it tightened margins and issue discounts.
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Jumbo hangover leaves spare cash
October’s deal pipeline in the European leveraged debt markets is increasingly looking like a mismatch between supply and demand.
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CIFC adds four new hires for distressed strategy
US based credit manager CIFC has hired four executives from leveraged credit firm Logen Asset Management to expand the firm’s distressed debt offering.
Go to GlobalCapital's Leveraged Finance data pages for the latest bookrunner league tables and information on priced deals.
Latest Asia leveraged loan news
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Bank Profiles
Latest news by market and league table performance
Bookrunners of European Leveraged Loans
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | BNP Paribas | 16,684.16 | 83 | 7.43% |
| 2 | Credit Agricole CIB | 13,287.71 | 61 | 5.92% |
| 3 | Deutsche Bank | 12,890.62 | 50 | 5.74% |
| 4 | Goldman Sachs | 12,767.85 | 54 | 5.69% |
| 5 | UniCredit | 11,414.29 | 66 | 5.09% |
Bookrunners of European HY Bonds
| Rank | Lead Manager | Amount €m | No of issues | Share % |
|---|---|---|---|---|
| 1 | Goldman Sachs | 4,861.86 | 36 | 7.48% |
| 2 | BNP Paribas | 4,648.08 | 55 | 7.15% |
| 3 | Deutsche Bank | 4,100.65 | 41 | 6.31% |
| 4 | JPMorgan | 3,756.57 | 41 | 5.78% |
| 5 | Credit Suisse | 3,528.42 | 38 | 5.43% |
Bookrunners of Dollar Denominated HY Bonds
| Rank | Lead Manager | Amount $m | No of issues | Share % |
|---|---|---|---|---|
| 1 | JPMorgan | 19,016.51 | 146 | 10.22% |
| 2 | Goldman Sachs | 14,082.73 | 99 | 7.57% |
| 3 | Credit Suisse | 13,243.20 | 94 | 7.12% |
| 4 | Bank of America Merrill Lynch | 12,775.52 | 117 | 6.87% |
| 5 | Citi | 12,347.90 | 105 | 6.64% |
