Latest news
Latest news
The triple-A rated notes' spread widened by 25bp compared to the original deal
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
More articles
More articles
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Smurfit Kappa has announced that it will call its €500m 7.25% 2017 bond. The Dublin-headquartered paper packaging producer can call the bond from November 15 this year. -
The UK’s children car seat manufacturer Britax Childcare is awaiting commitments to its new $410m loan package, after the deal’s terms and pricing guidance were set at a bank meeting late last week.
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Jefferies has sold €400m of first and second lien four year high yield bonds for the takeover of a 33% stake in Greek state lottery and football betting operator OPAP.
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Annual global leveraged loan volumes have crossed the $1tr mark for the first time since 2007, according to a new report by Dealogic, marking the revival of an asset class long crippled by the financial crisis.
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European high yield returns have reached 5.2% for the first nine months of this year, up from 4.1% to the end of August, according to Barclays' Pan European High Yield index (excluding financials).
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An amend and extend of outstanding debt by Worldwide Flight Services, the aviation company owned by private equity firm LBO France, received unanimous consent from the company’s existing group of investors on Tuesday. The deal, which will close in the next few weeks, will extend the maturity and substantially increase the margins on two of the debt’s tranches.
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Scandlines, the German-Danish ferry operator, has given the European leveraged loan market a healthy start to October with the launch of a new €875m loan package. The debt, arranged and underwritten by a group of eight banks, will partly serve to refinance outstanding debt and back the buy-out of Allianz Capital Partner’s stake in the company.
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Only slightly less baffling than the US political opposition’s urge to force the government into first a shutdown, and, much more dangerously, a potential default, has been the calm reaction in the markets.
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Oberthur Technologies, the French smart card maker, has launched a €200m high yield bond issue as part of a loan-and-bond refinancing of its 2011 buyout debt.
