Latest leveraged loan news

• Trajectory bodes well for US banks’ Q2s

  

  Investment banking activity suffered a sluggish start to the year at the top US names, particularly in equity underwriting, but conditions brightened as winter turned to spring.

  • 17 Apr 2019

• Banks join Inmarsat buyout ahead of deadline

  

  More banks have joined the acquisition loan for the Triton consortium’s buy-out of UK-based satellite tech provider Inmarsat, ahead of Tuesday’s deadline to make a firm offer for the company.

  • 16 Apr 2019

• Catalent buys Paragon in hot gene medicine market

  

  The US’s Catalent will buy Paragon Bioservices in a debt and equity financed $1.2bn deal, as consolidation in the gene therapy market builds pace.

  • 15 Apr 2019

• IMF warns on risks to corporate sector debt

  

  The creditworthiness of corporate borrowers in advanced economies has deteriorated while the volume of debt and financial risk taking has risen, the International Monetary Fund has warned. It also flagged up concerns about the sovereign-bank nexus in the eurozone and about market conditions for low income and frontier countries.

  • 11 Apr 2019

• Firm loan market looks ahead as LBOs line up

  European leveraged finance loan investors are undersupplied. But this is unlikely to last for too long, as several buyouts are making their way towards the market. Banks are lining up financings to support auctions for Nestlé Skin Health, VFS Global and Elior Concessions, while the takeovers of Scout24 and RPC are nearing.

  • 11 Apr 2019

• People moves in brief

  Diamond hires ex-colleague at Atlas — Salorio leaves DCM head vacancy at Soc Gen — Forese to retire from Citi

  • 11 Apr 2019

• KMW joins mid-market loan jamboree

  

  German defence firm Krauss-Maffei Wegmann (KMW) has signed a €350m loan, amid a wave of mid-market activity in the European loan market.

  • 11 Apr 2019

• Deutsche preps loan for buyout of French insurance broker April

  Banks are marketing the €550m acquisition loan for CVC’s take-private of French insurance broker April, led by Deutsche Bank as sole physical bookrunner.

  • 11 Apr 2019

• Nomura cuts US investment bankers in revamp

  

  Nomura has put at risk a number of senior bankers in its Americas investment banking operation and refurbished its management team as part of a $1bn plan to cut costs. Senior names in M&A, leveraged finance, Latin America and risk solutions are leaving.

  • 11 Apr 2019

• European Commission study sees no collusion in LBO market

  

  A study presented to the European Commission on competition in European loan syndication found no evidence of collusion and no need for further investigations. Indeed, for most bankers, the balance of power seems so tilted to borrowers that it has helped erode deal documents and yields in recent years.

  • 10 Apr 2019

Leveraged loan news archive