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
More articles
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Hastings Insurance Group raised £415m with high yield bonds on Monday to finance the takeover of 50% of its business by Goldman Sachs’s Merchant Banking division. Bankers claimed the deal was the first European insurance LBO to be financed in the high yield market.
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Tunstall Healthcare, a UK maker of medical devices, allocated £353m-equivalent of leveraged loans on Monday, after investors oversubscribed the deal's euro tranche.
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French cable firm Numéricable launched its long awaited initial public offering on Monday, with bankers close to the deal expecting a strong investor response to the third deal from the European cable sector in just over 18 months. -
German-Swiss steel company Schmolz+Bickenbach has launched a change of control put offer to holders of its €258m high yield bond.
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Hastings Insurance Group has released price guidance for its £415m bond package.
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Yet another European payment-in-kind toggle bond has been announced. Befesa, the Spanish waste management and recycling group, wants to sell €150m of PIK toggle notes this week.
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The WorldPay Group allocated £150m-equivalent of loans on Friday, having opted to take the loan in dollars rather than sterling to achieve tighter pricing and looser terms.
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Attendance at this year’s ABS East confab in Miami Beach totaled more than 3,000, up from 2,700 last year, according to organizer Information Management Network.
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Hastings Insurance Group has launched a £415m senior secured high yield bond to part-finance the takeover of 50% of its business by Goldman Sachs’s Merchant Banking division.
