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
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KKR has emerged as the winner in the sales process of Serbia BroadBand. The private equity firm announced the acquisition today, which should mean another LBO financing in the high yield bond market. -
Source: Dealogic
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Source: Dealogic
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Exopack Holdings, the US packaging group owned by Sun Capital, has fixed pricing and original issue discount guidance on the euro tranche of its new transatlantic term loan ‘B’.
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CCM Pharma has fixed the deadline for early bird commitments to a debt repricing, as it seeks to reduce margins on its loans by as much as 75bp.
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Hastings Insurance Group raised £415m with high yield bonds on Monday to finance the takeover of 50% of its business by Goldman Sachs’s Merchant Banking division. Bankers claimed the deal was the first European insurance LBO to be financed in the high yield market.
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Tunstall Healthcare, a UK maker of medical devices, allocated £353m-equivalent of leveraged loans on Monday, after investors oversubscribed the deal's euro tranche.
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French cable firm Numéricable launched its long awaited initial public offering on Monday, with bankers close to the deal expecting a strong investor response to the third deal from the European cable sector in just over 18 months.
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German-Swiss steel company Schmolz+Bickenbach has launched a change of control put offer to holders of its €258m high yield bond.
