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
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UK online payment company Skrill will present its latest €305m loan package at a bank meeting in London on Thursday. The issuer waited for the end of the summer break to launch the deal, which was not presented to investors in an early-bird phase.
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Card Factory, the UK gift card retailer, will meet investors on Thursday to market a new term loan add-on that will be used to pay a dividend to its private equity owner Charterhouse.
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AHT Cooling is set to launch €288m of all-senior drawn debt through term loan ‘A’ and term loan ‘B’ facilities. The debt will be marketed to a select number of investors in an early-bird phase, according to the deal's leads.
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Polish broadcaster TVN is aiming to close books early on Wednesday afternoon on a €300m no-grow bond to help pay off the last chunk of its outstanding 2017 paper.
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Peugeot, the French car maker, returned to the euro bond market today after a six month absence and priced a successful issue, raising the €600m it wanted at a substantially tighter yield than its last issue.
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Polish broadcaster TVN is taking orders for the second part of its second attempt to refinance its outstanding 2017 bonds.
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Arrow Global, a UK firm that buys distressed debt and then uses data to help collect it, is set to raise around £200m through a London IPO next month.
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Default rates for French and Dutch LBO issuers have risen sharply over the past twelve months, according to a new study published by Standard & Poor’s, making lenders more wary about committing to amend and extend transactions in the regions.
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Market participants expect debt to Ebitda ratios for European deals to keep increasing until the volume of new issuance picks up, according to a poll conducted by EuroWeek.