Latest news
Latest news
Major sectors in leveraged loans are trading down, making shrewd credit selection vital
Deal is one of the tightest prints this year and is the second European CLO solely arranged by Mizuho
Debut manager is launching a CLO platform building on leveraged loan market experience
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Private equity firm Apollo has shed the final remnants in its holding of UK estate agent Countrywide after selling around 22.4m shares, or 10.2% of the company, through an accelerated book building process on Monday night.
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Participants at a Loan Market Association seminar have commended the increase in European leveraged loan issuance but expressed concern at the lack of mergers and acquisitions to stimulate further growth. -
Hertz, the US car rental firm, launched a €425m five year high yield bond today. It had intended to sell its bonds a few weeks earlier but got into its blackout period.
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European high yield exchange-traded funds have increased their assets under management by €630m this year, underlining the slow but steadily growing importance of ETFs in the European high yield market.
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Santander Asset Management Finance has set guidance on the $1.2bn-equivalent of drawn debt to back its partial acquisition by Warburg Pincus and General Atlantic.
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OSX, the shipbuilding, oil equipment and services arm of Eike Batista’s crumbling Brazilian EBX conglomerate, has filed for bankruptcy with a Rio de Janeiro court, it said on Monday.
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E.On Energy from Waste, the waste treatment and disposal company owned by EQT Partners, is in the very early stages of discussions on a potential amendment of its buyout debt from earlier this year, EuroWeek understands.
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Alcatel-Lucent sold its $750m high yield bond at the tight end of guidance on Thursday. The seven year senior notes were sold as part of the US-French telecoms equipment producer’s plans to transform its capital structure.
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Tarkett, a French flooring company, began bookbuilding on a €540m Paris IPO on Monday.
