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
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Leads are ready to re-launch Fotolia’s transatlantic loan package, having substantially revamped the original structure after taking the deal off the market two weeks ago.
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TSL Education has set the deadline for final commitments to its new £250m debt package for Friday this week. The UK educational publisher may also change the terms of the deal’s covenants before then.
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CeramTec, the German ceramics manufacturer, has announced its €306.7m high yield bond to support its takeover by private equity firm Cinven.
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Maisons du Monde has sold its €325m buyout bond at the tight end of price guidance. The notes came with a 9% coupon at par on Monday.
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Gamenet, an Italian gambling provider, wants to replace all its debt and shareholder loans with a new €200m high yield bond. The company has not even signed a new revolving credit facility because it "generates so much cash," according to a banker close to the deal.
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Source: Dealogic
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Source: Dealogic
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Schaeffler, the German family-owned ball bearing maker, sold what bankers said was the biggest ever payment-in-kind toggle bond on Thursday, proving that credit investors’ risk appetite is surging back, even for a product that is among the riskiest structures in the high yield arsenal.
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UK debt purchaser Marlin Financial made its £150m bond debut on Thursday — the fifth high yield issuer from the sector.