Latest news
Latest news
Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
Despite the allure of lower loan prices, CLO managers should print deals cautiously
Triple-A pricing widens by just 8bp from previous deal, in spite of the Iran war
More articles
More articles
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European leveraged finance borrowers are enjoying an issuer's market. With deals in short supply, banks are bending over backwards to win business, and borrowers are taking advantage. Higher leverage, lower fees, better terms – it’s all going their way. -
Unrated North Atlantic Drilling sold a Nkr1.5bn ($252.8m) five year high yield bond on Thursday. The notes are senior unsecured and not callable.
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Broadnet refis — CCM Pharma reprices — WS Atkins attracts new lenders
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Scandlines, the German-Danish ferry operator, has set a narrow original issue discount guidance on an €875m refinancing loan package, reflecting strong support for the deal among investors in Europe.
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Leveraged loan borrowers are becoming increasingly flexible on currency denomination in their quest to achieve the most aggressive terms, with four deals in just two weeks pitching euro, dollar and sterling investors against each other in fierce competition before choosing the most favourable option.
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Loans backing dividend recapitalisations have reached their highest volume on record for the third quarter, as private equity firms continue to hold on to their assets rather than sell at a discount.
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Ewos Group, the Norwegian fish food company, sold the second largest Norwegian krone high yield bond ever on Wednesday, and more issuers are lining up in what could be the market's biggest ever year.
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CCM Pharma has completed its debt repricing, after the company’s existing group of lenders unanimously consented to the changes in an early bird phase.
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With European leveraged finance deals in short supply, banks are bending over backwards to win business, and borrowers are taking advantage. Higher leverage, lower fees, better terms – it’s all going their way. See EuroWeek and the Leveraged Finance email tomorrow for the full story.
