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Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal could include $950m of bonds
Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit
Pharmaceuticals and energy transition also ripe sectors for M&A
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New facility does not include ESG targets
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Sanoma has syndicated a €300m revolving credit facility and €250m acquisition term loan
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Alpha Wave Private Credit will be co-managed by US asset manager Alpha Wave and Abu Dhabi’s Royal Group
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UK companies are using market window to refinance leveraged debt
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Two UK issuers refinance substantial loans
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A prepayment agreement will save the UK software business up to $8m