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A slow destruction of misallocated investment is more likely than a sudden stop
LBO financing includes $5.75bn term loan to be priced early next week
Investors eye 2028, 2031, 2032 as big years for loan maturities
Even leveraged deals still being underwritten, though banks are selective
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The term loan portion of MMI International’s $580m five year borrowing has attracted about $180m-$200m in commitments. Banks have thrown their weight behind the deal, notwithstanding a negative watch on the company by ratings agency Fitch.
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Paul Hastings, the law firm, has recruited a former partner at Ashurst to join its leveraged finance practice in London.
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Top Right, the UK information and events group, expects to allocate its £435m-equivalent refinancing loan this afternoon (Monday), with pricing at the wide end of initial guidance.
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BNP Paribas has announced heads of its new teams for its EMEA corporate debt platform within financing solutions.
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Glorious weather across much of Europe last week coincided with glorious events in the loan market, amid an M&A mystery and a triumph for sexual equality.
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HSBC’s global head of leveraged and acquisition finance syndicate and head of EMEA loan syndicate, Andrew McMurdo, has resigned from the bank to pursue a new career.