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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Stahl, the coatings company owned by Wendel, the French investment company, will acquire the leather business of Swiss chemical firm Clariant, Wendel announced on Wednesday.
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Companies have issued so many bonds during 2013’s exceptionally clement market conditions that the cupboard of mandates is looking quite bare. But the Indian summer of tight spreads and low rates that has followed the US Federal Reserve’s decision to delay tapering quantitative easing has made the market too good to resist for some borrowers.
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Nocibé, the French perfumery chain, is set to issue €330m of drawn and undrawn debt to back its acquisition by German retailer Douglas Holding.
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The Automobile Association is joining the trend of PIK toggle issuance. The UK roadside assistance group wants to sell £350m of payment in kind toggle notes this week, which would make it the 13th European issuer of a PIK bond this year.
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Tank & Rast, the German motorway services operator owned by Terra Firma, has settled on a debt structure for the highly anticipated refinancing of about €2bn of its outstanding debt.
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Nuance Group has launched the roadshow for its premarketed high yield bond. The debut transaction for the Swiss duty free retailer will be a €200m floating rate issue.
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Exopack Holdings, the US-based packaging group, allocated its new $675m-equivalent transatlantic loan package on Friday, after having increased the deal’s euro tranche earlier in the week.
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Serbia BroadBand will start premarketing a debt package to finance its takeover by KKR on Wednesday, according to sources.
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Tarkett, the French flooring company, began investor education on a Paris IPO on Tuesday.