Loans and High Yield
-
-
Dominique LeMaire, global head of high yield capital markets at UniCredit, has left the firm, and is headed to a rival later this year.
-
In what was hailed as a momentous, perhaps record breaking, week in high yield finance, Japanese telecoms operator SoftBank took the crown by raising the year’s biggest Asian offshore high yield deal, writes Victor Jimenez. -
Synlab, the German laboratory services provider, is being acquired by private equity firm Cinven. The deal will be partly funded with €1.08bn of high yield debt which was priced on Thursday.
-
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.
-
Thames Water (Kemble) Finance Plc, the subordinated holding company vehicle of the Thames Water group, issued a £175m bullet bond on Tuesday, joining the dense flow of deals in a high yield market relieved of the eurozone’s recent tensions.
-
CVC Credit Partners has hired Chris Fowler, a former levfin originator at GE Capital, to give a boost to the firm’s private debt operations.
-
Verallia, the French glass bottle maker, has accelerated the bookbuilding for its €1bn leveraged loan, as investors have gobbled up the acquisition debt, asking for big tickets.
-
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.
-
Italian gaming company Snai on Tuesday issued a €110m bond to support its acquisition of a domestic competitor, Cogemat.
-
Just when markets usually wind down for summer, they are winding up, after weeks of Greece-induced torpor. Europe’s corporate bond market is swinging back into action, but while investment grade issuers are taking it slowly, high yield is ablaze with 12 deals.
-
Die casting machine manufacturer LK Machinery Co has launched syndication for an HK$600m ($77m) three year amortising loan, picking HSBC and United Overseas Bank to arrange the deal.
