Latest news
Latest news
◆ Fast money reverses out of SSA bond market ◆ CLO managers face risky ramp startegy ◆ Corporate hybrid bond market runs hot despite volatility
Manager tightens spread on triple-A rated notes by 23.5bp compared with the original deal
Lower loan prices offer higher equity returns but managers face rally risk once deals are priced
More articles
More articles
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Abengoa, the Spanish construction and industrial conglomerate, priced a €250m tap of its 8.875% 2018 notes at the tight end of guidance on Tuesday. The deal was supported by real money investors, allowing Abengoa to broaden its funding base.
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Private equity firm Alchemy launched a sale of £70m of shares in UK estate agency Countrywide Holdings on Thursday night, following another successful sale by the firm's two other owners last month.
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Doughty Hanson raised £120m through a sale of shares in UK cable equipment firm HellermannTyton on Wednesday night, with reverse enquiries and strong support from existing investors pushing the deal through a lock-up and securing tight pricing.
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France’s smart card developer Oberthur has fixed guidance on €440m equivalent of covenant-lite loans after discussions with potential lenders at a bank meeting in London on Wednesday.
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SNF Floerger, the French speciality chemicals company, sold its first dollar bonds with a $250m long eight year issue on Wednesday.
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Card Factory, the UK gift card retailer, has priced its new £165m term loan ‘C’ at the tight end of guidance ahead of the deadline for final commitments on Monday.
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After last week’s mortgage lender Jerrold, this week has brought another new sector to the European high yield market with Medical Properties Trust, a US real estate investment trust. -
The UK’s children car seat manufacturer Britax Childcare has launched a $424m equivalent loan package to refinance existing debt taken out at the time of its leveraged buy-out by private equity firm Nordic Capital.
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Private equity firm Doughty Hanson is set to raise up to £127m on Wednesday through a sale of shares in HellermannTyton, the UK cable equipment firm that floated in March, breaking through a lock-up that was to expire later this week.
