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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Bankers working on the €450m high yield bond for Italian facilities management company Manutencoop have released price whispers for the fixed rate tranche.
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Completel, the French telecommunications company, allocated its new deal on Tuesday evening. The transaction involved an overhaul of Completel’s debt structure, with the creation of a new term loan ‘B3’ tranche and the refinancing of non-extended credit.
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Salini has become the first of the latest spate of Italian speculative grade rated issuers to succeed in selling a high yield bond before the summer. -
Picard, the French frozen food retailer, wants to refinance its term loans with €480m of floating rate notes. The business, owned by Lion Capital, is well known in the leveraged finance markets.
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Travelex, the UK bureau de change chain and foreign exchange dealer, is looking to sell its £350m high yield bond on Wednesday. Price guidance for the two-tranche transaction was released on Tuesday afternoon.
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Louis Dreyfus Commodities, the privately owned agricultural commodities trading group, issued its first senior bond today, raising €400m of five year debt without a rating.
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Dutch discount retail chain HEMA received consent from investors on Monday to amend and extend its outstanding leveraged loans. The company will pay higher margins in return for longer debt.
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UK sandwich shop chain Pret a Manger is set to sign the finalised documentation for its new £375m loan package on Wednesday, and allocate the loans a few days later.
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Greek debt is back in the high yield market, after the recent flurry of peripheral European deal announcements.
