Top Section/Ad
Top Section/Ad
Most recent
In recent weeks, private credit and direct lenders have brought more certainty to borrowers as capital markets were roiled by tariff chaos
Banks already working on deals in the industrials and chemicals sectors
As Ares raises the largest direct lending fund, Goldman Sachs reorganises to serve the trend
Sole bookrunner Morgan Stanley gets deal multiple times covered
More articles/Ad
More articles/Ad
More articles
-
A strange and, until recently, rare phenomenon has been witnessed in the leveraged loan market — pricing widening on deals. On Thursday Micro Focus chose only the minimum amount for the euro tranche within its $5.5bn loan package, prompting whispers among some observers that this hitherto red-hot market may have found its floor, and even rebounded off it. -
UK hotel group Travelodge and social care firm Voyage Care both started roadshows on Wednesday for £165m and £250m of notes, respectively.
-
UK forecourt operator Euro Garages held a lender call this morning for a repricing request on its £250m and €585m term loans, a deal one investor on Thursday said was a potential barometer of where market pricing now is.
-
Element Materials Technology has agreed to purchase Exova, the laboratory testing specialist, for £620m, with the deal set to bring further new paper to the leveraged loan market.
-
Medical diagnostics firm Unilabs launched a €250m high yield bond with a roadshow this week, to back its acquisition of Alpha Medical. Nomad Foods is also roadshowing a €500m deal.
-
Misys, the UK financial software firm, held bank meetings on Tuesday in London for a €1bn term loan to back its $3.6bn-equivalent acquisition of D+H, a Canadian competitor, following sponsor Vista Equity Partners’ failed IPO of the UK firm last year.
