Latest news
Latest news
Manager adds almost €100m across the CLO's capital structure
The triple-A rated notes' spread widened by 25bp compared to the original deal
Spreads on CLO liabilities stay wide, making resets for deals from multiple vintages unattractive
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Alcatel-Lucent, the French-US telecoms equipment maker, took two more steps forward in its complex refinancing process on Thursday. The company’s ratings have fallen six notches since 2006 amid persistent losses.
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Lead managers of the $1.7bn high yield bond issue for Altice, the telecoms investment group, priced the three tranche deal on Thursday afternoon New York time, to finance two acquisitions in the Dominican Republic.
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Darling International, the US food products firm, was due to hold a bank meeting with potential investors in New York on December 5, to market a new $1.2bn transatlantic loan package to finance its acquisition of Dutch firm Vion Ingredients.
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Scandic Hotels, the Swedish hotel group owned by EQT Partners, wants to extend €400m-equivalent of term loans and a revolver.
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German motorway concessions firm Tank & Rast has allocated its €570m term loan ‘B’ after twice tightening pricing. The loan was priced at 375bp over Euribor at par on November 29.
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EQT raises LBO debt Metsä Board's repayment — Ardagh seeks transatlantic deal — Sensata to reprice — Spectrum Brands sets guidance — Bridgepoint buys Cambridge Education — Nocibé allocates
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The European collateralized loan obligation market shows no sign of slowing down as year-end nears, after Blackstone’s credit arm, GSO Capital Partners, successfully priced the largest euro CLO of the year. The start of next year could be even busier, CLO specialists said, with the pipeline for the first quarter already bulging.
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Dealogic league tables of total revenue transactions, December 5, 2013. Including Investment Banking, Debt Capital Markets, Equity Capital Markets, Mergers & Acquisitions and Syndicated Loan revenues.
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CMA CGM, the French container shipping group, is roadshowing in London on Thursday and Friday for a €300m high yield bond issue.