Latest news
Latest news
UK regulations take shape, software slide tests CLO managers' mettle and how captive equity is distorting the market
Pricing on triple-A notes may tighten by 21bp as manager avoids refinancing single-Bs
Deal comes only slightly outside mainstream CLOs
More articles
More articles
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InterXion, the Dutch data centre provider, is looking to raise €300m in the high yield bond market to finance a tender offer for its 2017 bond.
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Intralot, the Greek provider of gaming and transaction processing systems, is looking to sell €300m of high yield bonds.
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Stamford, Conn.-based Nebula Capital Management is aiming to become a collateralized loan obligations manager and has tapped a senior hire as part of the effort.
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Alcentra has priced the seventh European collateralised loan obligation — the JP Morgan-arranged Jubilee 2013 X — of the year this week, with Alcentra understood to be taking down a vertical slice of the bonds to comply with the European Banking Authority’s proposed changes to the 5% risk retention rule.
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Cabot Financial, the UK purchaser of defaulted consumer debt, is asking its bondholders for consent to waive their change of control puts.
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Bondholders of Seat Pagine Gialle, the ailing Italian directories group, appointed a representative for the company’s looming restructuring process. The Milan-based lawyer Dario Loiacono will represent the holders of Seat’s €550m and €200m of 10.5% senior secured notes until 2015.
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Unilabs postponed its €685m high yield bond sale on Thursday, because of market volatility. The Geneva-based laboratory business had already made substantial concessions on price and structure on Wednesday.
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SMCP, the French high end fashion retailer, waited over last weekend before selling its debut high yield bond on Monday, hoping for better market conditions after the previous Thursday’s volatile trading session.
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Barry Callebaut, the newly speculative grade-rated company, succeeded in pricing its 10 year high yield bond on Thursday, but cut it from $600m to $400m in tough market conditions.