Latest news
Latest news
Pricing on junior mezzanine notes is diverging as managers have to cope with difficult conditions
Manager extends non-call by a year, tapping into market for shorter-dated deals
More articles
More articles
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Bank of America Securities and Rabobank published price guidance for DLL UK Equipment Finance 2019-1 on Monday, with the senior notes being offered at 85bp-90bp over one month Libor. -
BofA names new pair to lead UK IB — UniCredit MTN banker joins SSA syndicate — Bank of America loses two traders in London — Allen & Overy names new structured finance partner
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Oaktree Capital has mandated Barclays as arranger for a €819.65m CLO, with the senior and equity tranches announced as subject and initial price thoughts for the class ‘B’ notes at 185bp.
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The leveraged finance market is feasting on the $10.2bn financing for the buyout of Johnson Controls’ batteries business by Caisse de dépôt et placement du Québec. Levfin players believe its success is in part due to a lack of jumbo supply in the US prior to the trade.
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Tetragon Credit Income Partners announced on Wednesday that it had closed its third CLO fund aimed at acquiring majority stakes in CLO equity tranches.
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Allen & Overy has appointed Nick Robinson, formerly special counsel at Milbank LLP, as partner in the law firm’s securitization and structured finance practice.
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Hayfin Emerald CLO 2, a €407.5m CLO arranged by Goldman Sachs and managed by Hayfin Capital Management, received initial price thoughts this week, with the deal due to be priced by Friday.
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News that UK plastic packaging producer RPC’s board had approved the bid of US rival Berry Global Group has been met with disappointment in Europe’s leveraged finance market, which had been gearing up to finance a £3.32bn leveraged buyout of RPC by US private equity firm Apollo.
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Three CLOs are moving through the euro pipeline with deals from Hayfin and Pinebridge marketing this week, and Goldman Sachs arranging a deal for CVC Credit Partners.
