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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Energias de Portugal, the Portuguese electricity company, has sold a €600m bond having attracted €2.4bn of orders. The long seven year bond was priced with a 4.125% coupon on Wednesday and traded up on Thursday.
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High yield bond bankers and investors expect the European market to grow further next year — in size and likely also in aggressiveness — after this year's record deal output of €76bn so far.
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CLO managers putting together new deals in the next few quarters may find sourcing loans easier when older CLOs are called as they leave their reinvestment periods, according to rating agency Moody’s.
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OSX, the shipbuilding, oil equipment and services arm of Eike Batista’s crumbling Brazilian EBX conglomerate, filed for bankruptcy with a Rio de Janeiro court on Monday, following sister company OGX’s identical move on October 30.
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Albéa Beauty’s planned PIK toggle deal has been postponed. The $150m transaction to finance a dividend to its shareholders led by Sun Capital Partners was announced last week and was expected to be priced on November 6.
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Ista International, the German metering company, had received enough commitments from existing and new investors by Wednesday to achieve its debt repricing.
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Numéricable, the French cable firm, has launched its first term loan since completing its long-awaited IPO earlier this month.
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Fresenius, the German healthcare company, marketed on Monday its new €1.2bn loan package in Frankfurt, after setting margin and original issue discount guidance on the term loan ‘B’ tranche late last week.
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Although Brazilian ammunition maker CBC Ammo was caught issuing its debut bond on a day of rocketing US Treasury yields bankers used the deals as evidence that the US high yield investor base was still there for LatAm credits.