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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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Messer, BAE, Avilease, BNP Paribas, JP Morgan, Citi star in 21st annual Awards
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BAE Systems, Teleperformance and AviLease voted among the Deals of the Year
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More supply coming as manager take advantage of the tightest spreads since February 2021
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Recent IPOs and block trades by sponsors show buyers and sellers are at last meeting on price
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Leveraged companies line up debt packages ahead of flotations
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Tightening has made resets attractive for some but not all managers
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