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Portfolio includes private credit transactions originated by Sona and broadly syndicated loans
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UK educational publisher TSL Education has tightened the restrictions attached to its new £250m debt package, most notably by adding a second financial covenant. -
Swissport, the Swiss provider of ground services for airlines and airports, wants to issue some $390m of high yield bonds to finance a planned acquisition.
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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%.
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S&B Industrial Minerals, the Greek mining group, is planning to sell its debut high yield bond later today. Leads released price guidance in the 9.25% area on Monday afternoon and closed books at midday today.
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CeramTec, the German ceramic manufacturer, reverse-flexed its new transatlantic covenant-lite debt package on Monday (July 29). The leads also changed the term loan ‘B’ structure to feature dollars more heavily than euros.
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Cogetech was uncovered on Monday as one of the two Italian gaming companies premarketing a debut bond issue in the high yield market. The gambling machines operator is seeking to sell a €165m bond.
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British Car Auctions, the UK used car retailer owned by private equity firm Clayton Dubilier & Rice, is set to allocate its new loan package early this week. The deal, syndication of which closed oversubscribed last Thursday, has been rejigged slightly to reflect investor demand in the term loan ‘C’ tranche.
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Consumer debt purchaser Cabot is hoping to sell its second high yield bond. The £100m seven year transaction is guided in the 8.5% yield area and is expected to be priced later today.
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Italian facilities management business Manutencoop priced its high yield bond on Friday, but dropped a planned FRN and sold the whole deal fixed rate. The issue was reduced from €450m to €425m.
