Latest news
Latest news
Deal comes only slightly outside mainstream CLOs
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
More articles
More articles
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French funeral services company OGF has entered early-bird discussions with potential lenders for its new debt. The loans package, which the leads expect to total €635m, will back the company’s €900m acquisition by private equity firm Pamplona. -
Bookrunners on Italian gaming company Cogetech’s debut senior secured note surprised the high yield market on Friday by pulling the deal after books closed.
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Lenders submitted final commitments to ConvaTec’s debt amendment on Friday. The UK developer of medical technologies expects to allocate the deal, which was oversubscribed, on Monday afternoon.
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How healthy is a loans banker? Not very, you might think. A diet of all things financing takes its toll, no doubt. The banker’s daily bread — a complex carb blend of margins, discounts, currencies and broader market fluctuations — isn’t easily digested. And the sleepless nights, oh the sleepless nights!
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Managers of collateralized loan obligations say the sector would shrink by 75% or more if risk retention rules go into effect as currently proposed, according to a survey from The Loan Syndications and Trading Association of managers representing nearly 70% the CLO market.
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Collateralized loan obligations are gaining back some of their relative-value shine as spreads on new-issue deals resist the tightening being seen in commercial mortgage-backed securities.
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Source: Dealogic
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Ewos Group, the Norwegian supplier of feed and nutrition for farmed fish, will finance its takeover by private equity firms Altor and Bain Capital with secured and unsecured high yield bonds.
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Alcatel Lucent and Swissport dipped into US high yield investors’ pockets this week, as the European issuers raised a combined $890m.
