Latest news
Latest news
Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
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
More articles
More articles
-
Domestic & General, the UK household appliance insurance company, has sold a £500m high yield bond to finance its takeover by CVC. It found strong demand for the deal, which came in tight and traded up.
-
Gamesa, a Spanish maker of wind turbines and wind farm operator, is contemplating a high yield bond issue, EuroWeek understands.
-
HeidelbergCement sold a €300m bond with its lowest ever coupon and yield on Monday. The double-B rated German repeat issuer raised €300m of seven year bonds with a yield of 3.375%.
-
Noreco, or Norwegian Energy Co, has announced plans to restructure its bonds and raise new equity in a private placement. Holders of its Nkr3.1bn (€383m) of bonds would not lose out on face value under the plans, but would receive less interest and longer maturities.
-
Nocibé, the French perfumery store chain owned by Charterhouse, is in exclusive negotiations with Advent International for a buyout. Only a few days ago, Nocibé was premarketing a bond to high yield investors.
-
Exopack Holdings, the US-based packaging group, has increased the euro tranche of its new $675m-equivalent transatlantic loan package, to meet demand from European investors.
-
Scandlines, the German-Danish ferry operator, received final commitments on Thursday for its €875m refinancing loan package, which was already heavily oversubscribed.
-
Hutton Collins, the European investment fund, is due to acquire the restaurant chain Byron Hamburgers in a £100m transaction.
-
European CLO spreads are likely to widen, potentially dampening the pace of new issuance, as investors demand spread levels on new deals that reflect recent widening seen in the US market, said market participants.