Latest news
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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
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TSL Education has set the deadline for final commitments to its new £250m debt package for Friday this week. The UK educational publisher may also change the terms of the deal’s covenants before then.
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CeramTec, the German ceramics manufacturer, has announced its €306.7m high yield bond to support its takeover by private equity firm Cinven.
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Maisons du Monde has sold its €325m buyout bond at the tight end of price guidance. The notes came with a 9% coupon at par on Monday.
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Gamenet, an Italian gambling provider, wants to replace all its debt and shareholder loans with a new €200m high yield bond. The company has not even signed a new revolving credit facility because it "generates so much cash," according to a banker close to the deal.
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Source: Dealogic
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Source: Dealogic
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Schaeffler, the German family-owned ball bearing maker, sold what bankers said was the biggest ever payment-in-kind toggle bond on Thursday, proving that credit investors’ risk appetite is surging back, even for a product that is among the riskiest structures in the high yield arsenal.
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UK debt purchaser Marlin Financial made its £150m bond debut on Thursday — the fifth high yield issuer from the sector.
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DNA, the Finnish telecommunications group several private equity firms were circling, has decided not to go ahead with a sale — a blow to the European leveraged finance market.