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Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
Manager refinances 2023 deal, reset in 2024
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Indian software services provider Coforge, previously known as NIIT Technologies, is seeking a loan to fund a dividend recapitalisation, joining a growing list of companies raising debt to pay a special dividend to shareholders.
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Singaporean logistics company GLP used a subordinated perpetual bond structure to raise $300m of green funds this week.
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Deutsche Bank has hired Alex Danehy as head of US CLO syndication, according to a person with knowledge of the matter. Danehy joins from JP Morgan, where he was an executive director responsible for CLO origination.
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TCW Asset Management has issued its second CLO via Jefferies, since forming a partnership with Kennedy Lewis Investment Management and Jefferies to boost the firm's CLO issuance program.
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Following the launch of as many as 10 transactions this week targeting a total of €4.7bn, the high yield market is close to notching its sixth month of more than €10bn of issuance.
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The Loan Market Association has launched its own automatic document platform, days after a survey by the industry body found that most of the syndicated loan market wants to use or already uses fintech for documentation.
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