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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Switzerland's Metallum expects to allocate its €295m loan package next week, more than a month after it received final commitments from investors on August 2.
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Numéricable, the French cable operator, has entered discussions with investors about a potential takeover of its sister company Completel. The documentation amendments, which leads presented in a conference call on Wednesday evening, are part of Numéricable’s broader preparation for an initial public offering.
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Germany’s proALPHA has issued €66m of loans to finance its acquisition by private equity firm Bregal Capital. The software provider was previously owned by its two founders Leo and Werner Ernst and by Beaufort Capital.
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After an August bereft of deals, the European high yield market is gearing up for a return of transactions in September. While issuance is not expected to top last year's €9.1bn equivalent September record, some €5bn of deals could be in the making.
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Regulators proposed revising the credit risk retention requirements for issuers of collateralized loan obligations in the U.S.
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The UK’s packaging manufacturer Chesapeake expects to launch the syndication of £290m-equivalent of loans on Thursday morning. The debt will support its leveraged buy-out by private equity firm Carlyle. -
Bank of America Merrill Lynch priced a $417 million collateralized loan obligation for Brigade Capital Management last week, pushing the month-to-date issuance total to $4.50 billion, according to SI data.
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Emerging market borrowers should be lining up to tap the loan market. Not only is there plenty of liquidity as this year's volumes scrape the record lows of 2012, but lenders have repeatedly shown their hands by letting clients get away with the sorts of terms treasurers usually can only dream about.
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BSN Medical, the German bandage maker, allocated the refinancing of its euro and dollar term loan 'Bs' late last week. The issuer achieved margins 75bp-100bp tighter than original guidance after attracting investor interest despite a quiet August in the leveraged loan market.
