Latest news
Latest news
An interview with Propel and the BBB, a busy Q1 for ABS, more arb headaches for CLO managers
Resets for 2021 and 2024 deals are less attractive to managers due to wider liability pricing
Spreads for the triple-A rated notes were similar to the manager's previous deal
More articles
More articles
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PortAventura, the Spanish theme park, hopes to issue €400m of senior secured high yield bonds to finance a dividend and repay bank debt and a vendor loan.
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Empark, the Spanish car parks operator, wants to sell €385m of senior secured notes to replace its loans.
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Ardian and F2i have acquired from Enel Distribuzione the remaining 14.8% stake in Italian gas distribution company Enel Rete Gas that they did not already own.
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Scout24 has prepared the debt structure backing its partial takeover by Hellman & Friedman, ahead of the deal’s launch, expected in January 2014. -
The European CLO market is poised for a bumper start to the new year after delivering its largest deal of 2013 this week to cap a striking rehabilitation, writes Joe McDevitt. The €615.7m Richmond Park transaction brought this year’s sales to close to €7bn — significantly ahead of the less than €5bn eked out over the previous four years.
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Less than two months after its last bond issue, HeidelbergCement was back in the market with a €500m eight year deal on Tuesday, paying the same yield as it had on a seven year in October.
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Astaldi, the Italian construction company, has tapped the seven year debut bond it sold last week at a much tighter yield.
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K+S, the German potash and salt producer, raised €1bn on Monday with its third and largest bond issue, though bankers said it sold the bonds cheaply.
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Loans bankers expect the syndication of the debt backing Hellman & Friedman’s partial takeover of directories business Scout24 to be launched no earlier than January 2014.
