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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Oberthur, the French smart card maker, allocated €467m-equivalent of loans on Wednesday, after overwhelming interest from European investors caused the euro tranche to be increased and its margin tightened.
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Rhiag, the European mechanical and auto part distributor, has pulled its senior secured and PIK bond offering, after private equity firm Apax announced the takeover of the business on Wednesday. The agreed buyout will be financed through a different bank group. -
Ewos Group has launched its long awaited LBO financing. The Norwegian supplier of feed and nutrition for farmed fish is looking to sell around €420m of high yield bonds in two tranches, alongside a pre-placed subordinated bond.
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WorldPay has set the pricing guidance on £150m-equivalent of loans, but the UK payment processing company has yet to choose whether it would issue the debt in sterling or in dollars.
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SBB is likely to issue high yield bonds, should the sale of the business result in a private equity takeover. Credit Suisse has pre-marketed staple financing to support a potential LBO of the Serbian telco but a trade buyer is also still in the bidding process.
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Oberthur Technologies has got its deal away. The French smart card maker sold its €190m unsecured high yield bond at a tight level on Tuesday and the bonds traded up on Wednesday.
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Britax, the UK children's car seat manufacturer, allocated its latest debt package on Tuesday, after a healthy oversubscription in the US allowed for a margin cut earlier this week.
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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.
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Scandlines’ €875m loan package is expected to attract a wave of commitments from European investors hungry for new paper, after the deal was marketed at a bank meeting on Tuesday.
