Latest news
Latest news
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Manager adds almost €100m across the CLO's capital structure
The triple-A rated notes' spread widened by 25bp compared to the original deal
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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.
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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.
