Latest news
Latest news
Manager takes advantage of tight spreads available for refinancings to cut triple-A pricing by 14bp
How securitization can help high LTV mortgage lending, and why is the CLO market so busy
Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
More articles
More articles
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Apollo Global Management is getting ready to issue two new collateralized loan obligations totaling $1.78 billion, both via arranger JPMorgan.
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3i Debt Management has priced a EUR310 million ($412.76 million) European collateralized loan obligation, Harvest CLO VII.
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Barclays has reshuffled the management of its EMEA leveraged finance business, moving one of its co-heads to a chairman role and reallocating the syndicate responsibilities of the other co-head, EuroWeek understands. -
Transport services company Tip Trailer has flexed the margins and deepened the discount of its transatlantic loan package.
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ConvaTec allocated a series of amendments to its outstanding debt on Tuesday. The UK developer of medical technologies was able to price the term loan ‘B’ at the tight end of guidance and also chose to modify its structure to feature dollars more heavily.
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Minimax Viking has entered the documentation phase of its new transatlantic debt issuance, after receiving sufficient commitments on Tuesday (August 6). The leads expect to confirm the margins and allocate the loan by Thursday.
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Schenck Process completed on Monday (August 5) an amendment and extension of its outstanding debt. Under the terms of the A&E the company has extended most of its financing by two and a half years. It has also increased the size of the debt.
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BMC Software, the US business software group, dropped the planned euro tranche to its $1.38bn-equivalent high yield bond and plans to price the dollars on Wednesday. Pricing on the euro tranche would have been too expensive, according to a banker close to the deal.
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The limited pool of buyers for the senior portions of European collateralised loan obligations is looking to push spreads on the triple-A bonds of upcoming deals wider, according to CLO officials on the frontline in London.
