Loans and High Yield
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Hyva Global, a truck parts maker controlled by private equity firms, is looking for a $295m financing. The facility is offering a high initial margin and generous fees. -
Singapore listed OUE Limited has made a return to the bond market, raking in a chunky S$300m ($220m) from a five year offering. The property name, which had taken a market break, is just one of a handful of issuers that are slowly making their way back into the Singapore dollar sector.
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Dufry, the Swiss travel retail operator, has launched a term loan of up to €800m to finance its acquisition of World Duty Free. It will mainly be syndicated to relationship banks.
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Siaci Saint Honoré, the French insurance broker, has tightened pricing on a €285m acquisition loan and is due to allocate the facility today (Friday).
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German plastic film maker Kloeckner Pentaplast has launched an €831m-equivalent loan in dollars and euros to refinance debt and pay a dividend.
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AerCap - Eutelsat - LondonMetric - Rolls-Royce - Afreximbank - International Bank of Azerbaijan - Top Right - Ba&sh - Compexposium
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Mezzanine loans have barely featured in leveraged finance this year. While investors would still love to play, they are being pushed out as borrowers have too many cheaper options.
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German plastic packaging manufacturer Kloeckner Pentaplast is mulling a high yield bond, while launching a refinancing and dividend package including loans.
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Tikehau, the French asset manager, has provided a €30m unitranche facility that will back L Capital’s acquisition of a 50% stake in Ba&sh, the French women’s clothing provider.
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UK information and events group Top Right is finalising its £435m-equivalent refinancing loan in dollars and euros, with pricing likely to finish within the initial guidance range.
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JP Morgan is syndicating a €6.8bn loan backing ChemChina’s acquisition of Pirelli and banks have been asked to respond with bids by the end of next week.
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Dufry, the Swiss travel retail operator, has launched a term loan of up to €800m to finance its acquisition of World Duty Free. It will mainly be syndicated to relationship banks.
