Latest news
Latest news
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
New hire spent spent more than a decade at Arnold & Porter
Deal priced 1bp wide of Oaktree's previous new issue transaction
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Finmeccanica, the Italian air defence and security group, is set to sell a €600m to €750m bond on Tuesday. The long seven year notes will be its first issue as a speculative grade company. -
Tank & Rast, the German motorway services business, has priced its €460m second lien bond inside initial price guidance.
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Italian sports and horse betting company Snai has released price guidance on its €460m senior secured and subordinated bonds.
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Private equity firm HgCapital has agreed to acquire over 90% of shares in German software developer Personal & Informatik, and plans to buy the rest of the Frankfurt-listed company through a tender offer.
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Alcatel Lucent, the US-French telecoms equipment producer, has tapped its 6.75% 2020 bond, issued three weeks ago. The new $250m portion was priced at par, boosting the total bond size to $1bn.
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Afren will price a $360m seven year non-call three year bond on Tuesday afternoon. The oil exploration and production company has revised price guidance to 6.75% area.
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Dr Gerard, the Polish biscuit producer, is due to sign a Z320m (€76m) debt package to back its leveraged buyout by Bridgepoint.
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Crédit Agricole has hired three bankers, saying it is expanding its high yield bond franchise.
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Spreads in the senior tranches of European new-issue collateralized loan obligations remain wider than levels achieved earlier this year, as investors are focused on mezzanine and junior tranches, said bankers.
