Loans and High Yield
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Stahl, the Dutch provider of chemicals for leather processing, has postponed its €585m refinancing and dividend payment loan after being jostled out of the market by competition. -
British retailer House of Fraser on Monday announced a £175m floating rate issue, part of an all debt refinancing strategy that includes loans and new revolving credit facilities.
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Italian steelmaker Finarvedi on Monday launched its €300m note, the company’s first issue, with the aim of cutting down the group’s use of short term funding.
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China’s eHi Car Services and Tingyi Holding Corp will be on the road for investor meetings this week ahead of dollar and offshore renminbi (CNH) notes, respectively.
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An $80m four year loan for Cambodian borrower Khmer Brewery has received a commitment from a Taiwanese bank. The deal, which has three banks at the helm, is targeting banks that have some presence in the southeast Asian nation.
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Electronic components distributor World Peace Group has picked a quartet of banks to lead its latest borrowing of NT$6bn ($195m).
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The European high yield market this week saw towering deals like SoftBank’s $4.5bn and Synlab’s €1.1bn, but investors also found a place in their portfolios for smaller notes.
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Marketing began this week for leveraged loans of €725m backing the merger of French private healthcare groups Vedici and Vitalia.
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Verallia, the French glass bottle maker, has accelerated the bookbuilding for a €1bn leveraged loan as investors have gobbled up the acquisition debt, asking for big tickets.
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Numericable has followed the example set last week by its parent company Altice and accelerated an €800m refinancing loan to close for commitments by Friday.
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European corporate and fund services provider Vistra allocated its $700m acquisition loan on Tuesday afternoon, having marketed the deal in one of levfin’s most volatile fortnights.
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Amdipharm Mercury, the UK generic pharmaceuticals company also known as AMCo, has laid out price guidance for a €163.7m leveraged loan that will fund a bolt-on acquisition.
