Latest news
Latest news
Despite the allure of lower loan prices, CLO managers should print deals cautiously
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
More articles
More articles
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Volatility across credit markets has caused investors in the first-loss portions of collateralized loan obligations to worry about more than just the risk that loans spreads could tighten, reducing the arbitrage that drives equity returns—they are also increasingly worried that spreads will widen, according to Citigroup researchers.
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UK cinema chain Vue Entertainment has released guidance for its £550m senior secured bonds and plans to sell them tomorrow.
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Unilabs is back in the market with its loan-to-bond refinancing after nearly a month's break since it pulled the deal. The Geneva-based laboratory business launched a €685m high yield bond on Wednesday morning and planned to sell it later in the day. -
German publisher Springer Science+Business Media is awaiting commitments to its new €2.5bn-equivalent transatlantic cov-lite loan package, after meeting potential lenders in London last Friday and in New York yesterday.
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FTE Automotive, the German clutch maker, has sold the first European high yield bond to finance an acquisition in the second half of the year.
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Source: Dealogic
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Two solid days of successful corporate bond issuance opened this week, but although investment grade bankers came in on Wednesday morning ready for further action, screens were quiet.
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GSO Capital plans to retain a 5% vertical slice of its upcoming EUR417 million ($533.2 million) collateralized loan obligation in order to comply with European risk retention requirements, according to a person with knowledge of the deal.
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TSL Education, the UK educational publisher, yesterday launched a £250m loan package to support its acquisition by private equity firm TPG.
