Leveraged Loans

  • Taxonomy ducks gas and caves on bioenergy

    Taxonomy ducks gas and caves on bioenergy

    The detailed rules for the EU Taxonomy of Sustainable Economic Activities look set to come into force, as the European Commission published them on Wednesday, after weeks of intense lobbying and negotiation that had raised the prospect of them being delayed again. Gas will not enter the Taxonomy for now and will be dealt with in separate legislation, but nuclear power could enter the Taxonomy later this year, alarming greens.

    21 Apr 2021
  • Virgin Active restructuring to set high street precedent

    Virgin Active restructuring to set high street precedent

    UK gym chain Virgin Active’s restructuring could set a precedent for restructurings of UK retailers. Dozens of retailers have used ‘CVA’ processes to cut their debt burdens, which typically hits their landlords hard but leaves other creditors unscathed. Virgin Active is instead using the new UK ‘super scheme’ restructuring law introduced last year to try to bind landlords and other creditors alike into accepting writedowns.

    20 Apr 2021
  • EU eyes separate gas law, leaves harmful bioenergy in Taxonomy

    EU eyes separate gas law, leaves harmful bioenergy in Taxonomy

    The European Commission is set to put forward a new solution to the intense battle over the EU's sustainable finance Taxonomy, between green finance supporters and EU member states that want to safeguard their plans to use gas, GlobalCapital has learned. This would appear to involve leaving gas out of the sustainable category of the Taxonomy, as environmentalists have demanded, and making a "separate legislative proposal" to deal with gas and nuclear power.

    15 Apr 2021
  • Cimpress preps cleanup of costly Apollo crisis debt

    Cimpress preps cleanup of costly Apollo crisis debt

    Cimpress has launched a cross-border term loan ‘B’, aiming to raise more first lien debt at tight levels to allow it to clean up its costly 12% second lien facility raised from Apollo last April.

    15 Apr 2021
Leveraged loans news archive