Top Section/Ad
Top Section/Ad
Most recent
Investors eye 2028, 2031, 2032 as big years for loan maturities
Even leveraged deals still being underwritten, though banks are selective
Liquidity event at American manager comes at fraught time for industry
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
More articles/Ad
More articles/Ad
More articles
-
High yield bonds issued by French pipeline tubing firm Vallourec slid last Friday on concerns that it would struggle to access competitive refinancing terms this year. The company’s shares were down 5.41%, with its bonds down between 1.6 and 3.7 points, according to MarketAxess data.
-
Syndicated lending volumes in the EMEA region are down 75% from last year to record their worst January in five years, and senior loans bankers say the rest of the year is unlikely to get much better. -
Getty Images launched a refinancing of its capital structure on Thursday, the company’s first capital markets outing since the Getty family regained control of it last September. An investment vehicle controlled by conservative activists the Koch brothers was willing to commit $500m of preferred PIK equity last year, but the refi of the debt stack had to wait for market conditions to improve.
-
S&P expects speculative grade default rates to rise to 2.6% in 2019, from 1.9% at the end of last year, thanks to tightening credit conditions, and slowing economic growth. But new accounting standards could also worsen the credit cycle.
-
Comexposium, the French exhibitions group, has raised new debt to finance Crédit Agricole Assurances’ purchase of a majority stake from Charterhouse Capital Partners.
-
Singapore’s Interplex Holdings has returned for a $400m five year loan to refinance a 2016 borrowing that supported its acquisition by Baring Private Equity Asia.
