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
More articles
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Hapag-Lloyd, the German container shipping company, wants to tap its 7.75% 2018 bond, issued in September, for €150m today.
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Only 17% of high yield companies in Europe, the Middle East and Africa with first time ratings given since 2010 achieved their profit forecasts for the first year after rating initiation, Moody's has reported.
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Arrow Global, a UK firm that buys distressed debt and then uses data to help collect it, completed a £190m London IPO on Tuesday, with the shares trading up almost 10% in the aftermarket.
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Oberthur Technologies has made changes to its loan and bond financing. The French smart card maker increased its loan portion by €25m and cut its high yield bond by €10m.
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Nuance Group, a Swiss duty free travel retailer, is expected to issue a debut high yield bond as early as next week, after UniCredit released pre-deal research.
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Britax’s decision to rely primarily on US investors has proved justified, after demand from across the Atlantic has allowed the UK borrower to tighten the pricing on its dollar tranche. The UK children car seat manufacturer expects to allocate its latest covenant-lite, multi-currency term loan 'B' on Tuesday, after receiving final commitments on Monday.
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After a busy July and €7.6bn-equivalent of issuance in September, the high yield primary market has calmed down — building an environment of opportunity for the lowest rated issuers to push out deals. -
The WorldPay Group, the payment processing company, has provisionally chosen to raise its new £150m-equivalent loan add-on in dollars after a lender call on Monday. It is the second UK company to head to the US market this month after Britax elected to issue the large majority of its new deal in dollars.
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Leveraged loan bankers are losing faith in the idea that a euro-only covenant-lite facility could be set to hit the market, according to a new poll from EuroWeek.
