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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Travelex, the UK bureau de change chain and foreign exchange dealer, wants to issue a £350m high yield bond in two tranches, to refinance its £178m of senior PIK loan facilities, signed in 2007.
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Maisons du Monde, the French furniture retailer, has launched a high yield bond to finance its buyout by Bain Capital in June. The senior secured deal had been expected.
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The steady flow of new collateralized loan obligations in Europe continued this week with Ares Management and Intermediate Capital Group each pricing new transactions. One London-based investor said they were two of the strongest CLOs seen since the market’s reopening.
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The steady flow of new issue collateralized loan obligations in Europe has continued with Ares Management and Intermediate Capital Group each pricing new transactions, as one London-based investor hailed them as two of the strongest CLOs seen since the market’s reopening.
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CeramTec markets new transatlantic debt – Trescal wraps up loan supporting LBO
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Borrowers seeking financing through the European leveraged loan market are experiencing big delays as a result of the number of deals being marketed this month, writes Olivier Holmey.
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Trescal this week received final orders for its new €168m leveraged loan package. The industrial measurement services company launched the deal late last month and is now in the documentation phase.
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Schaeffler has accelerated the pricing of its €1.5bn-equivalent PIK toggle bond. The B2/B- rated five year notes are expected to be priced this afternoon, after the leads released guidance on Wednesday evening and were set to close books at 2pm today.
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Club Méditerranée has chosen to wait until early September to launch its new set of bank loans. The French holiday resort company had originally planned to issue €240m of bank loans this month and allocate them sometime in August, but chose to postpone because of delays in obtaining approval.