Latest news
Latest news
Manager adds almost €100m across the CLO's capital structure
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
More articles
More articles
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Gambling companies have long been frequent visitors to the US high yield market — a wealth of casinos such as the MGM Mirage, Station Casinos and Wynn Las Vegas fall into that category. Now, Europe is increasingly seeing high yield issuers from the gambling industry.
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Auto-Teile-Unger, a German chain of car repair shops, is working on a programme to restructure its balance sheet, which could affect its bonds and loans.
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Investec has put the Pinewood 2013-1 European collateralised loan obligation, managed by Pramerica Investment Management, on hold until later in the year.
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Source: Dealogic
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Brokerage firm Sterne Agee has brought on three former Gleacher & Co. pros to start a new origination platform within its structured products group.
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Investec has put the Pinewood 2013-1 European collateralized loan obligation, managed by Pramerica Investment Management, on hold until later in the year. -
Codere, the Spanish gambling company, has decided not to pay the interest on its $300m 2019 bonds, which was due today.
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The early bird phase of OGF’s new debt issuance is set to close on Thursday. If the deal is launched to general syndication, leads and investors expect it to be in early September.
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The UK’s energy and mining consultancy firm Wood Mackenzie is due to allocate an add-on to its existing debt on Thursday, having relied exclusively on its existing syndicate. The new facilities will be used to pay a dividend to the issuer’s private equity owner, Hellman & Friedman.
