Loans and High Yield

Hensoldt, the KKR-owned defence electronics firm, held a lender call on Wednesday morning for a €170m incremental term loan, following its acquisition of avionics business EuroAvionics. The deal comes as some investors are concerned the leveraged loan market could return to the extreme conditions of earlier in the year.

The Asia ex-Japan G3 bond market saw a slew of issuers from a variety of backgrounds hit the market on Thursday, with borrowers from Greater China as well as Indonesia venturing offshore.

PortAventura, the Spanish theme park operator, has scheduled a bank meeting for Thursday morning in London for a €620m seven year term loan ‘B’ refinancing and dividend recapitalisation.

UK airport Heathrow landed orders for more than five times its £250m offering on Wednesday, in a week with less than €500m of new paper in sterling and euros in the high yield bond market.

GlobalCapital is delighted to announce the winners of its High Yield Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

Park Square Capital has hired an executive director from Goldman Sachs into its direct lending team, as well as promoting three partners from within, as it builds out its private debt business.

Corporate borrowers hit the bond market early this week before Thursday’s Ascension Day holiday on the continent, and bankers expect issuance to drop off sharply in the coming days.

Chinese digital map provider NavInfo has signed a €110m loan to fund its acquisition of a stake in a European company.

Lyndon Hsu, the former Asia Pacific leveraged and acquisition finance head at HSBC, is heading to Standard Chartered to lead its levfin business.

GlobalCapital is delighted to announce the winners of its Bond Awards for 2017. The results were revealed at a gala dinner at London's Globe Theatre on May 23. Thank you to everyone who supported the event by attending and voting in the polls that decided who were the best and brightest in bonds over the last 12 months.

US investment house Muzinich sealed the first closing of its new pan-European private debt fund on Tuesday, amid a widespread rise in interest in the asset class.

ICG’s previous head of credit fund management Dagmar Kent Kershaw has taken a new role in the investment sector, following a sabbatical after leaving ICG last June.