Loans and High Yield
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Women’s clothing maker E-Land World has received a good response for its $200m dual tranche borrowing, which could lead the company to increase the facility's size. Bankers attributed the deal’s success to the company’s steady growth in China and attractive pricing.
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TI Automotive, the UK car parts maker being bought by Bain Capital, is rushing from Monday’s London bank meeting to New York to build support for a €1.07bn-equivalent acquisition loan. Bonds will follow later.
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Mauser, the German industrial packaging group, has won near-unanimous acceptance for its amendment exercise on a $1.6bn leveraged loan, originally closed last July to back its buyout by Clayton, Dubilier & Rice.
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Barclays has appointed one man to run its EMEA debt capital markets and risk solutions business after announcing the departure of one of the group's co-heads.
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You know when you know what someone means, but what they’ve actually said is gobbledygook?
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Mizuho International has brought in a new head of fixed income trading in London, with its previous head moving to another senior job within the bank.
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GNF Telecom, the telecoms unit of Gas Natural Fenosa which was bought by Cinven last year, is seeking to cut the margin on a €295m leveraged loan it allocated last July.
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Douglas Holding, the German perfumery chain, has enlivened the leveraged loan market this Monday, launching a €1bn deal that will contribute to its buyout by CVC.
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British Airways is refinancing $1.25bn of credit facilities in a deal that is separate from the €1.4bn loan its parent company, International Airlines Group, is using to buy Aer Lingus.
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Only one high yield bond was being roadshowed in Europe today, and it was in Swiss francs — but that does not mean volatility in euro rates has disrupted the market, bankers say.
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Far from being the bunch of cautious stay-at-homes one might expect, it turns out that loan bankers count among their ranks some of the most fearless thrill-seekers in the capital markets.
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International schools operator Nord Anglia on Friday announced a Sfr235m bond to finance its recent purchase of six schools from Meritas.