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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Investors committed en masse to the new €330m debt package from Nocibé, the French perfumery chain, ahead of the deal’s Thursday deadline.
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Hertz, the US car rental firm, has priced its €425m 2018 bond at 4.375%. The deal traded up from par to 100/100.25 on Thursday, despite some choppiness in the market on Wednesday.
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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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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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RAC, the UK car breakdown service, has launched an £86m term loan to pay a dividend to its private equity owner Carlyle.
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Venezuela is to lever up its main source of US dollars — oil company PDVSA — by a further $4.5bn at a time when bond investors are rapidly losing faith in the country’s failing economy.
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The overnight sale of 35m ProSiebenSat.1 Media shares, priced at €31.53 by bookrunners Bank of America Merrill Lynch and JP Morgan, has boosted the German firm’s performance in an otherwise soggy European equity market.
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Energias de Portugal, the Portuguese electricity company, is set to price a €600m 7.2 year bond at 4.25% on Wednesday — only 25bp wider than where its 2020 notes were trading.
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Royal Bank of Scotland and asset management firm Alcentra have provided debt to back Mountain Warehouse’s management buyout of minority shareholder LDC.