Loans and High Yield
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Leveraged loan supply is set to chug along at low levels through the second quarter, yet despite such paucity of product buyside, discipline is holding firm. -
Klöckner Pentaplast, the German plastic film maker, has accelerated syndication on a €831m-equivalent loan in euros and dollars, designed to refinance debt and pay its shareholders a dividend.
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Top Right, the UK information and events group owned by Apax, has allocated its £435m-equivalent refinancing loan with a small change to the deal’s dollar tranche.
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Albaraka Türk — Danube Food — Xella — Pets at Home
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German building materials manufacturer Xella laid out price guidance for a loan extension and refinancing add-on at a bank meeting today.
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Rolta India had a day to forget on April 16 as both its bonds and stock crashed in the secondary market after short seller Glaucus Research argued that the company would not have enough cash flow to repay debt, a claim that Rolta quickly dismissed as baseless.
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Indonesia’s Bumi Serpong Damai (BSD) has met investors ahead of its first outing to the offshore debt market with a five year bond dollar bond.
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Aluminium company China Hongqiao has received commitments from 10 banks for its $600m loan. The deal, which has five banks at the top, comes even as base metals face tough times amid uncertain demand.
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Chinese department store operator Golden Eagle International Trading, which launched a $500m three year bullet into general earlier this month, has signed a facility agreement for a bigger loan with 12 lenders.
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Kloeckner Pentaplast, the German plastic packaging company, on Wednesday began marketing €300m of unsecured notes with Kloeckner Pentaplast of America as issuer.
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Jerrold Holding, the UK mortgage company, on Wednesday announced a £50m tap of its £200m high yield bond sold in 2013, to repay part of its bank debt.
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Kloeckner Pentaplast, the German plastic film maker, has accelerated syndication on its €831m-equivalent loan in euros and dollars, designed to refinance debt and pay its shareholders a dividend.
