Top Section/Ad
Top Section/Ad
Most recent
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
More articles/Ad
More articles/Ad
More articles
-
Cinven has made partners of three of its team, promoting Maxim Crewe, Pontus Pettersson and Yalin Karadogan. -
GTech, the Italian gambling equipment maker, completed an €800m term loan on Friday last week, the day before Standard & Poor’s and Moody’s downgraded it to junk.
-
Solenis, the US chemicals producer, has closed books on an €85m six year term loan that backs its acquisition of Clearwater Specialties, increasing the facility by €10m.
-
Mid-market sterling cov-lite seems to have made it over the line this week, with Sky Bet set to close books on Friday, Northgate having been allocated and Advanced Computer Solutions preplacing the sterling tranche of its acquisition facility.
-
Wittur, the German lift components producer, set price guidance for its €285m ($322.23m) acquisition loan at a London bank meeting on Monday, a day before its new private equity owner, Bain Capital, added TI Automotive to its portfolio.
-
The European second lien leveraged loan market has had a rough start to the year. Low volumes, due to unattractive pricing and competing junior debt products, have made it a tough sell to subordinated debt investors.
