Latest leveraged loan news

• Amundi targets €300m levloan fund

  

  The speculative grade loan market is leading leveraged finance issuance in Europe again, as investors pour more cash into the asset class. This week, Amundi opened its new leveraged loans Europe 2018 fund for institutional investors.

  • 19 Apr 2018

• Heavy pipeline excites leveraged finance investors

  

  Fund managers were looking into €6.5bn of live high yield bond and loan deals in the European leveraged finance markets on Wednesday. Those speaking to GlobalCapital were happy to see that spreads are slightly widening across ratings from last year’s historic lows.

  • 18 Apr 2018

• Macquarie hires former HSBC head of loan trading

  

  Macquarie Capital has hired the former head of US loan trading at HSBC to help take advantage of surging activity in leveraged finance markets.

  • 17 Apr 2018

• Loans for GTT’s Interoute buyout out in ‘restless’ levfin

  

  Virginia-based GTT Communications launched a €1.7bn-equivalent package of leveraged loans this week, the first leg of funding for the acquisition of UK peer Interoute. The credits are well known, bankers said, but European investors have become more circumspect after overcoming a recent bout of volatility.

  • 17 Apr 2018

• String of bankruptcies leaves US high yield unfazed

  

  A recent string of defaults in the US high yield bond market, particularly in the retail and supermarkets sectors, has not caused undue concern among market players, with most of the situations already factored into assumptions.

  • 12 Apr 2018

• Roaring direct lending funds Bertram

  

  Californian private equity firm Bertram Capital is combining its European portfolio company Anord Control Systems with UK firm Mardix. The move was funded in the direct lending market with a participation from arranger Barings.

  • 12 Apr 2018

• Levfin investors welcome cooler market

  

  Demand for high yield bonds and leveraged loans has become patchy, fund managers say, after several months of heavy issuance.

  • 11 Apr 2018

• PGIM CLO boss to head bank loans biz

  

  PGIM Fixed Income announced on Thursday that its co-head of US CLOs would become the firm’s new head of US bank loan portfolio management, upon the retirement of Joe Lemanowicz later this year.

  • 09 Apr 2018

• Permira Debt Managers signs its seventh direct lending deal as market boom goes on

  

  This week, Permira Credit Solutions III (PCS3) signed its seventh investment this year, a credit line for the acquisition of Maxicoffee by Daltys. The direct lending market seems on course to surpass last year’s record numbers, said market sources.

  • 05 Apr 2018

• Unpredictable April for high yield bond market, say players

  

  Speculative grade borrowers stayed on the sidelines of the primary market this week. While bankers said the deal pipeline has a healthy list of issuers ready to go in April, investors warned that they might be pickier than in the first quarter.

  • 05 Apr 2018

Leveraged loan news archive