Latest news
Latest news
Borrowers take advantage of robust CLO demand to tighten leveraged loan pricing
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Manager reset the deal for the second time as the end of its reinvestment period approached
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Apollo-sponsored RegionalCare Hospital Partners is marketing almost $5bn of sub-investment grade debt to support its acquisition of LifePoint Healthcare, which operates a network of non-urban hospitals. -
The credit arm of private equity firm BC Partners has listed a new direct lending business, Mount Logan Capital, with the firm eyeing better returns in private credit compared with more liquid markets.
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Tritax EuroBox has signed a €200m revolving credit facility, its first outing in the debt markets after the continental European arm of the UK’s large logistics warehouse investor was launched over the summer.
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Equipment rental company United Rentals was in the US high yield market with a $1.1bn bond on Wednesday to support its $2.1bn acquisition of peer BlueLine Rental, after pricing a $1bn term loan to support the deal earlier this month.
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Netflix tapped the high yield market again this week to help finance its heavy spending on new content. But the euro and dollar notes were both priced wide of initial levels.
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US CLO managers have slowed the pace of primary issuance in recent weeks, helping to firm up secondary market debt spreads while other credit markets suffered a sell-off.
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Netflix is tapping the high yield market for its second high yield bond of the year following last week’s earnings report and upgrade by S&P Global.
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The UK’s Heathrow Airport has signed its first loan from Canada’s export credit agency, building its presence among the country’s financiers after printing C$800m of bonds earlier this year.
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Central banks in the US and UK have both raised concerns in recent weeks on the growth of leveraged loan markets and the potential impact on financial stability.
