Latest news
Latest news
Fund is designed to invest in the equity in Bain’s CLOs, but can also invest in liabilities
Manager trims spreads on CLO’s investment grade tranches in partial refinancing
New hire spent spent more than a decade at Arnold & Porter
More articles
More articles
-
The European high yield market has been pushing to ever more bullish highs in 2013 – more issuance, tight pricing, higher leverage, more aggressive PIK structures, challenging countries like Serbia. But this week the market expanded in a completely new way – to a 15 year maturity, writes Stefanie Linhardt.
-
Leveraged loan bankers and investors have expressed fear that an aggressive repricing of Ista International’s already tight debt margins may lead to an onslaught of opportunistic requests from Europe’s weaker credits, writes Olivier Holmey. -
Santander Asset Management Finance is issuing $1.192bn-equivalent of drawn debt to back its partial acquisition by Warburg Pincus and General Atlantic.
-
Alcatel-Lucent has released price guidance for a $750m high yield bond, as part of the US-French telecoms equipment producer’s plans to transform its capital structure.
-
Renault, the French carmaker, tapped a five year bond this week at the lowest yield it has ever achieved on a fixed rate bond, except in yen. The €300m of notes were priced to yield 2.942% on Tuesday.
-
Leveraged loans bankers are divided as to how aggressive European investors should become, according to a EuroWeek Loans poll.
-
Edcon, the South African fashion retailer owned by Bain Capital, has released guidance for its €400m 5.5 year high yield bond, expected to be rated Caa2/CCC.
-
Scandlines on Monday allocated its new €875m refinancing loan package, after strong investor demand in Europe left the book heavily oversubscribed, even after the terms were changed in the issuer's favour.
-
French bottle top maker Global Closure Systems increased its debut high yield bond by €15m on Thursday. The now €350m five year senior secured notes are expected to be priced on Friday.
