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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Bookrunners on Italian gaming company Cogetech’s debut senior secured note surprised the high yield market on Friday by pulling the deal after books closed. -
Lenders submitted final commitments to ConvaTec’s debt amendment on Friday. The UK developer of medical technologies expects to allocate the deal, which was oversubscribed, on Monday afternoon.
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How healthy is a loans banker? Not very, you might think. A diet of all things financing takes its toll, no doubt. The banker’s daily bread — a complex carb blend of margins, discounts, currencies and broader market fluctuations — isn’t easily digested. And the sleepless nights, oh the sleepless nights!
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Managers of collateralized loan obligations say the sector would shrink by 75% or more if risk retention rules go into effect as currently proposed, according to a survey from The Loan Syndications and Trading Association of managers representing nearly 70% the CLO market.
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Collateralized loan obligations are gaining back some of their relative-value shine as spreads on new-issue deals resist the tightening being seen in commercial mortgage-backed securities.
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Source: Dealogic
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Ewos Group, the Norwegian supplier of feed and nutrition for farmed fish, will finance its takeover by private equity firms Altor and Bain Capital with secured and unsecured high yield bonds.
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Alcatel Lucent and Swissport dipped into US high yield investors’ pockets this week, as the European issuers raised a combined $890m.
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Cabot Financial, one of the high yield market’s consumer debt purchasers, sold a high yield bond inside price guidance on Monday, in a one day execution. The £100m of senior secured notes were priced at par to yield 8.375%.
