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
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Intermediate Capital Group is adding to the European collateralized loan obligation pipeline with St Paul’s CLO III, its second CLO of 2013. JPMorgan is arranging the transaction, which comes barely two months after ICG’s last Euro CLO.
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German-Danish ferry operator Scandlines is planning to refinance all its drawn debt. The transaction, which will consist of around €1bn of loans, comes after an aborted sale of the company earlier this year.
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Aenova intends to market its new €160m loan package exclusively to its existing investor base, with the German healthcare group expecting support from its lenders to be sufficient to avoid a general syndication phase.
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UK ticketing company thetrainline.com has issued £190m of loans to finance a dividend recapitalisation for its owner Exponent Private Equity.
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Poland’s TVN completed the refinancing of its 2017 bonds on Wednesday afternoon, pricing a €300m three year non-call seven bond at 11%. The payment-in-kind toggle note was well oversubscribed and offered investors a premium to compensate for a more flexible toggle structure, said bankers on the deal.
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Highland Capital Management has priced its second post-crisis collateralized loan obligation, selling the triple-A rated $388 million tranche at a discounted price to offer investors a coupon of LIBOR plus 50 basis points.
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Renault, the French carmaker, sold a €600m five year bond today that in many ways echoed the €600m 5.3 year issue launched by its rival Peugeot-Citroën on Tuesday.
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Intermediate Capital Group is adding to the European collateralized loan obligation pipeline with St Paul’s CLO III, its second CLO of 2013.
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Intermediate Capital Group is adding to the European collateralized loan obligation pipeline with St Paul’s CLO III, its second CLO of 2013. JP Morgan is arranging the transaction, which comes barely two months after ICG’s last Euro CLO.