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New dangers are making deals harder to do, but pricing for the haves is still tight
Manager refinances 2023 deal, reset in 2024
◆ Double-B French telecoms brings IG-style execution ◆ Demand peaks over €2bn ◆ Pipeline looks thin as uncertainty over Middle East conflict looms
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Acquisitive company also prints bonds following Valinor purchase
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BNP Paribas places full capital stack, with broadly syndicated investment grade tranches
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There is no crock of equity gold at the end of the rainbow
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Junior triple-A tranches become more prevalent as arrangers struggle to find senior triple-A demand
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US and European markets only briefly paused, with Onex returning for rare increase of old deal
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