Top Section/Ad
Top Section/Ad
Most recent
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
Deal could include $950m of bonds
More articles/Ad
More articles/Ad
More articles
-
German automotive supplier ZF Friedrichshafen has refinanced debt it took on for the acquisition of TRW with €3.5bn of loans. The company said credit rating upgrades earlier this year helped it to secure the improved deal. -
Dutch telecom firm Ziggo marketed a $1.6bn loan refinancing package during an investor call on Monday afternoon, after the European Commission cleared its proposed merger with Vodafone’s dutch unit last week.
-
VietinBank, one of the largest state-owned commercial lenders in Vietnam, is back in the market with a $100m bullet just five months after signing its previous loan. This time around, the borrower has managed to narrow the margin by 40bp.
-
Ion Trading, the Ireland-domiciled electronic trading software firm, had replies due on Wednesday for its $200m equivalent incremental term loan dividend recapitalisation, as had Dutch pharma firm Mediq, with some investors saying market valuations look frothy.
-
There is a distinct sense of impending summer slowdown in corporate debt this week, both for loans and bonds. But that has not stopped a number of borrowers rushing to wrap up sizeable deals before the window closes.
-
Société Générale this week appointed a new European head of leveraged loan syndicate, after the former levloan boss left the bank.
