Latest news
Latest news
Debut manager is launching a CLO platform building on leveraged loan market experience
Despite unfavourable equity arbitrage, CLO issuance continues at pace
Triple-A rated CLO spreads tighten at last and a template is established for European data centre ABS
More articles
More articles
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With demand for leveraged loans far outweighing supply, deal sponsors are pushing for unprecedentedly loose documentation, writes Olivier Holmey. Already reducing margins, extending maturities and pushing up leverage ratios on their portfolio companies’ debt, private equity firms are now even seeking to rid transactions of their core incurrence and maintenance covenants. -
Mexican petrochemicals company Grupo Idesa’s inaugural international bond traded up after pricing, as bankers close to the deal highlighted the spread of demand the issue attracted despite a modest book.
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Scout24 has prepared the debt structure backing its partial takeover by Hellman & Friedman, ahead of the deal’s launch in January 2014.
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Ashtead, the UK-based equipment rental company, sold a $400m tap of its 6.5% 2022 high yield bond on Wednesday.
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CMA CGM, the French container shipping business, sold its €300m unsecured bond on Tuesday. The 2018 deal came with an 8.75% coupon at 97.552 to yield 9.375%.
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Enel Rete Gas repayment — Sensata cuts margin — Anios allocation — Kuka refinancing — Dufry signs loan
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The US subsidiary of telecoms firm Alcatel-Lucent is seeking to reprice a $1.737bn term loan ‘C’, only four months after the deal was first repriced.
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The year 2013 opened a whole new chapter for the European high yield market — and the month of December has not blotted its remarkable advance.
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The U.S. collateralized loan obligation market is scrambling to find answers to questions raised by language in the final Volcker rule that effectively bans CLOs from holding high yield bonds and structured products in their portfolios.
