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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Club Méditerranée has chosen to wait until early September to launch its new set of bank loans. The French holiday resort company had originally planned to issue €240m of bank loans this month and allocate them sometime in August, but chose to postpone because of delays in obtaining approval.
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Infront expects to allocate its new €300m debt package either late on Thursday or on Friday, having fallen short of placing it in full earlier this week.
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Leads on the new loan for Action expect that they will need to extend the deadline for commitments to ensure the facility is fully subscribed. The original deadline for commitments was set for Thursday (July 18), but that is likely to be extended for a few days to allow the final accounts to participate.
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Marlin, the UK debt purchaser, hopes to price its £150m debut high yield bond today. Yield guidance for the seven year senior secured bonds is the 10.5% area.
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New collateralized loan obligations from West Gate Horizons Advisors and Invesco Senior Secured Management could be priced by the end of this week as the CLO market begins to firm up after weeks of softening.
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Ares Management has priced its EUR310.5 million ($406.22 million) Ares European CLO VI collateralized loan obligation.
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Numéricable has postponed the deadline for commitments to its loan amendment and extension because of mixed feedback from investors.
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Schaeffler is testing high yield investors' appetite for risk. The German ball bearing maker is marketing a €1.5bn payment-in-kind toggle bond alongside some €2.4bn of loans to refinance all the debt at its holdco level. -
Maisons du Monde, the French furniture retailer, has launched its high yield bond to finance its buyout by Bain Capital. The senior secured deal had been expected, after the underwriters premarketed a transaction last week.
