Loans and High Yield
-
United Biscuits has returned to the leveraged loan market to seek a repricing of £960m-equivalent of debt it raised in December to back its buyout by Yildiz Holding, the Turkish foods group. -
Royal Industries Indonesia has wound up its latest borrowing at $380m. Although this figure is less than the target size of $500m, the response to the loan was fair as the leads managed to bring in new liquidity for the company, paving the way for more financings, said bankers.
-
Philippine homebuilder Vista Land & Lifescapes showed its increase savviness in the bond market by extending its debt maturities with no extra cost on June 12.
-
Bank Rakyat Indonesia (BRI), which picked a consortium of 11 banks to supply its $550m financing, held a meeting for the lenders on June 8, said bankers. The Indonesian firm was initially looking for $400m but raised the size of the borrowing following a healthy response.
-
Real estate developer Vietnam Investment Group Joint Stock Co (VIG) has fully exercised a greenshoe on its borrowing, sealing the loan at $200m with 13 banks.
-
Minimax Viking, the German fire protection systems provider, has repriced dollar and euro tranches of €701m-equivalent of leveraged loans within guidance, but at different ends.
-
United Biscuits has returned to the leveraged loan market, seeking a repricing of around £960m-equivalent of debt, raised in December to back its buyout by Yildiz Holding, the Turkish foods group.
-
Schenck Process became the latest casualty of the levfin buy side this week, as investors stood firm on the borrower's aggressive €605m leveraged loan deal.
-
Labco, the French medical diagnostics company, plans to refinance all of its bonds with a new €800m issue. It agreed in May to be bought by private equity firm Cinven after pulling an IPO at the last minute.
-
CVC — Moto-Pfohe — Afreximbank — National Grid — Konecranes — Merz
-
Mauser, the German industrial packaging group, is working to a short deadline as it amends its loan documents to make them more flexible for an IPO and a dividend payment.
-
Grupo Antolin, the Spanish car interiors maker, on Wednesday sold €400m of notes at 5.125% to repay a $525m bridge loan that funded its purchase of Magna International's car interiors business.
