Natixis

Survitec has reverse flexed its £250m acquisition term loan, the second leveraged loan borrower to tighten terms this week, as investors' options for paper remain slim.

Eiffage, the French construction company, has refinanced €3.3bn of loans, reducing the margins by two thirds compared with what it used to pay - even though revenues are under pressure from a state toll renegotiation.

Survitec, the UK survival equipment provider, is making changes to the term sheet on its £310m acquisition loan before completing syndication of the deal.

With investors squealing at this week’s new issues that crunched spreads to record lows, next generation covered bonds could meet the sector’s increasingly desperate need for higher yielding products, writes Bill Thornhill.

Hong Kong listed Fosun International has chosen three French lenders to supply funds for its acquisition of Club Méditerranée (Club Med).

AS Adventure - Armacell - OVS - Volution - AS Roma - Ball Corp - Aurubis - Etisalat Egypt - NPCC

Natixis posted weak annual results in its capital markets division on Thursday, with revenues down 13% year-on-year in 2014, even as the bank’s profit at group level grew by 16% at €1.3bn.

OVS, the Italian clothing producer and retailer owned by Gruppo Coin, is raising a €475m loan alongside its planned IPO, to pay down debt.

Hong Kong listed Fosun International has chosen three French lenders to supply funds for its acquisition of Club Mediterranee (Club Med).

Although Fosun’s acquisition of Club Mediterranee (Club Med) marks another step in the advance of Chinese investment in Europe, the transaction’s buyout debt is unlikely to send pulses racing, as the borrower is aiming for a conservative debt package.

AS Adventure, the outdoor clothing retailer, is working on the term sheet for a €245m acquisition loan, which it plans to launch early in March.

Spanish civil and engineering company Grupo Actividades de Construcción y Servicios announced a €2.4bn five year loan today with a syndicate of 43 banks. The deal took three months to complete, which is unusual in the Spanish market, where deals usually take three weeks, said one Spanish banker.