Latest news
Latest news
Triple-A pricing widens by just 8bp from previous deal, in spite of the Iran war
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
More articles
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Trescal this week received final orders for its new €168m leveraged loan package. The industrial measurement services company launched the deal late last month and is now in the documentation phase.
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Schaeffler has accelerated the pricing of its €1.5bn-equivalent PIK toggle bond. The B2/B- rated five year notes are expected to be priced this afternoon, after the leads released guidance on Wednesday evening and were set to close books at 2pm today.
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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.