Loans and High Yield
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A former managing director at Deutsche Bank has joined Houlihan Lokey in newly established position leading the expansion of its European capital markets group. -
French health care group Elsan, owned by private equity firm CVC, on Tuesday announced price guidance on its €730m loan for the buyout of MédiPôle Partenaires.
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Chinese local government financing vehicle Zhenjiang Transportation Industry Group sold its debut international bond on Monday, raising $140m from the only live deal in the market.
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Chinese local government financing vehicle (LGFV) Yunnan Provincial Energy Investment Group is making its return to the international bond market, marketing a dollar-denominated dual tranche offering on Tuesday.
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US coatings manufacturer Axalta's euro and dollar term loans allocated this week, with 10 other leveraged loan deals expected to close in the next two weeks.
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Schustermann & Borenstein, the German fashion retailer, priced a €260m bond on Thursday to fund its acquisition by private equity firm Permira.
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Asia ex-Japan debt capital markets had a quiet opening on Monday, with a sole Chinese local government financing vehicle (LGFV) out for dollar funding. On the same day, another two LGFVs announced mandates.
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Two further French M&A loan deals are lined up to join the leveraged loan market, with sponsors finding the post-US election leveraged loan market increasingly accommodating.
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Catalent Pharma and Thomas Cook — a reverse Yankee issuer and a UK holidays operator — on Thursday released guidance for high yield deals amounting some €900m in a market that has been mute since November 15.
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Ronshine China Holdings priced its inaugural offshore bond against a volatile market backdrop and concern around its sector. The borrower still managed to raise $175m from the offering thanks to the presence of anchor orders.
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Citic Resources Holdings signed a $310m three year self-arranged term loan on Thursday, with five banks joining the trade.
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Now in its 20th year, the Loan Market Association (LMA) faces tough paths to climb such as navigating the UK’s exit from the European Union, but the organisation is confident that its English law documentation will still hold its own.
