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Bot claims funding is ‘cheaper than peers who borrow from independent banks or credit funds’
Innovation and ambition have been hallmarks of mergers and acquisitions activity this year, but there are some signs of weakness in private equity
A slow destruction of misallocated investment is more likely than a sudden stop
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Brussels Airport is looking to sell US private placements, according to market sources. It is the first European airport to try its luck in the market since the coronavirus reached Europe. -
Aston Martin’s rescue financing was battered by brutal markets late last week, with the Crossover widening around 40bp between announcement and pricing, and risky triple-C rated bonds selling off still further. Tuesday’s price talk of high 8% to 9% proved far too ambitious for the troubled UK car manufacturer and the deal eventually cleared at 10.5% on Friday afternoon, with investors offered extra upside through a longer non-call to tempt them into the book.
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Credit Suisse has hired two new managing directors in its EMEA leveraged finance origination business, one from a client company.
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China Oceanwide Holdings has returned for a $291m loan that is backed by a letter of credit.
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Taiwan’s technology service company Wistron Corp has returned to the loan market for a $300m facility.
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DFG Investment Advisers, a New York-based alternative credit manager, has appointed Rehan Virani as chief executive officer. Virani joins from Partners Group, where he was head of business development for private debt for the Americas and Asia.
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