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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
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Numéricable expects to allocate its loan amendment and extension on Tuesday (July 23), having received sufficient commitments from investors after a slight pricing flex.
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German fire protection equipment provider Minimax Viking has settled the pricing of its new transatlantic loans package following a bank meeting in London on Monday. -
Salini, the Italian construction company which started roadshowing for a bond issue on Friday, has received speculative grade ratings from Standard & Poor's and Fitch.
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GSO/Blackstone Debt Funds Management last week priced its fourth U.S. collateralized loan obligation of the year, the $519 million Emerson Park CLO, with the top-rated portion selling at yields in line with prints from other big-name managers in recent weeks.
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Manutencoop, an Italian facility management operator, is looking to sell €450m of high yield bonds in yet another debut transaction. Some 50 of the around 115 issuers in the European high yield market this year have been issuing bonds for the first time — including all the deals being marketed this week.
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Action has increased the margins and deepened the discount on its new credit facility in a bid to attract more investors.
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Infront intends to allocate its new €300m debt package either on Monday afternoon or on Tuesday. All commitments from investors are in, lead bankers have told EuroWeek, but changes to the covenant terms have further delayed the allocation process.
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Investor interest for new transatlantic covenant-lite loan package by Springer Science+Business Media has been flooding in from both sides of the Atlantic, with American investors in particular committing to the debt late last week, leads said. Commitments for the deal from the German publisher are due on Tuesday.
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Private equity firm Cinven has reached an agreement to buy the UK's website hosting company Host Europe from Montagu Private Equity. The £438m buy-out money will come from equity provided by Cinven’s Fifth Fund, and senior debt.
