Loans and High Yield

Park Resorts, the UK’s largest holiday park operator, will syndicate a £550m term loan B after bank meetings in London on Wednesday this week.

The Loan Ranger's trusty companion Silver travelled to the Middle East to learn about the ways of Arabian stallions and the local market, but returned with tales of strange greeting rituals.

British member club operator Soho House on Friday began roadshowing its £200m bond, offering the market its first Caa1 credit since July.

Indonesian car rental service provider, Indorent, has picked four banks to helm a $100m offshore loan with general syndication expected after mid-October.

Trade & Development Bank of Mongolia (TDBM) is hoping to replicate the success it had earlier this year with a new 144A/Reg S offering.

ING has hired an experienced salesperson to help coordinate the development of its high yield business in London.

Levloan bankers expect an issuance boom after the announcement from the Federal Open Market Committee (FOMC) on Thursday that it would not hike rates in September, and some bankers say a future rate hike will also boost deal flow.

The euro high yield market has been without a new issue for two weeks now, but market participants are confident that it will restart its engines, now that the Federal Reserve’s interest rate decision has been revealed.

Technicolor, the French media company, is marketing €375m of leveraged loans at bank meetings next week.

Tikehau IM has arranged a unitranche debt facility for the primary leveraged buyout of Pennel & Flipo by IDI and Cabestan Capital. The French company makes specialised fabrics, for use in industry and inflatable boats.

China’s National Development and Reform Commission (NDRC) this week released new guidelines for offshore corporate bond issuance. While the move is supposed to further simplify the process and relax existing restrictions, the new rules have created a lot of uncertainty and led to fears that it will make offshore bond issuance more difficult, writes Carrie Hong.

CLP Wind Farms, a unit of CLP India, became the first corporate from the country to issue a green bond on September 15. Market participants expect India’s green issuance to take off, as it needs such financing with more liquidity expected to guarantee pricing benefits.