Latest news
Latest news
Changing issuance patterns, tight mezzanine spreads and investor demand deliver bumper crop of deals
Deal follows Macquarie's acquisition of Spire, which issued previous Aurium CLOs
Pim van Schie, a portfolio manager at Neuberger, discusses rising investor appetite for CLO mezzanine tranches
More articles
More articles
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The Automobile Association is joining the trend of PIK toggle issuance. The UK roadside assistance group wants to sell £350m of payment in kind toggle notes this week, which would make it the 13th European issuer of a PIK bond this year.
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Tank & Rast, the German motorway services operator owned by Terra Firma, has settled on a debt structure for the highly anticipated refinancing of about €2bn of its outstanding debt.
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Nuance Group has launched the roadshow for its premarketed high yield bond. The debut transaction for the Swiss duty free retailer will be a €200m floating rate issue.
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Exopack Holdings, the US-based packaging group, allocated its new $675m-equivalent transatlantic loan package on Friday, after having increased the deal’s euro tranche earlier in the week.
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Serbia BroadBand will start premarketing a debt package to finance its takeover by KKR on Wednesday, according to sources. -
Tarkett, the French flooring company, began investor education on a Paris IPO on Tuesday.
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Year-to-date issuance of U.S. collateralized loan obligations surpassed the $64 billion mark on Friday, when Bank of America Merrill Lynch priced a $411 million collateralized loan obligation for Fortress Investment Group.
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London-based Mint Partners is looking to put together a novel CLO-type transaction backed by loans made to UK property developers for prime residential developments in London.
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Rhiag priced its €415m senior secured bond tightly on Friday, following a trend of tight pricing in the high yield market, which more issuers are expected to follow.
