Loans and High Yield

The term loan portion of MMI International’s $580m five year borrowing has attracted about $180m-$200m in commitments. Banks have thrown their weight behind the deal, notwithstanding a negative watch on the company by ratings agency Fitch.

German printing equipment maker Heidelberger Druckmaschinen announced a €200m bond issue on Monday that is rated Caa1/CCC+.

Pennsylvania’s Trinseo, a plastics manufacturer, wants to issue $750m of unsecured notes, including a euro tranche, to repay its 8.75% bond sold in 2013.

Orange Switzerland on Thursday priced below guidance a four tranche, dual currency Sfr2bn bond that includes a Sfr150m dividend for its new owner, Xavier Niel’s fund NJJ Capital.

Paul Hastings, the law firm, has recruited a former partner at Ashurst to join its leveraged finance practice in London.

Top Right, the UK information and events group, expects to allocate its £435m-equivalent refinancing loan this afternoon (Monday), with pricing at the wide end of initial guidance.

Moy Park, the UK poultry producer, wants to tap its £200m debut high yield bond for £100m, in order to pay a dividend to its parent company, Marfrig of Brazil.

International Personal Finance, the UK company that makes small personal loans in emerging markets, has announced today a brief roadshow for a tap of its euro bond, after last week pulling a sterling retail bond that failed to attract enough interest.

BNP Paribas has announced heads of its new teams for its EMEA corporate debt platform within financing solutions.

Glorious weather across much of Europe last week coincided with glorious events in the loan market, amid an M&A mystery and a triumph for sexual equality.

HSBC’s global head of leveraged and acquisition finance syndicate and head of EMEA loan syndicate, Andrew McMurdo, has resigned from the bank to pursue a new career.

ZF Friedrichshafen is preparing to launch its long-awaited first public bond, to refinance its acquisition of TRW Holding of the US last year.