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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Transport services company Tip Trailer has again substantially changed the terms and structure of its latest transatlantic loan package to appeal to investors. Final commitments to the amended debt were due late on Tuesday. -
Lloyds Bank has hired Eric Jenkins in its leveraged finance team in London, aiming to strengthen its high yield bond capabilities.
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Pinewood 2013-1, a European collateralized loan obligation from Pramerica Investment Management, is expected to price by next week. Market chatter suggests, however, that the structure of the deal, which is being arranged by Investec, is still being tweaked ahead of launch.
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Pramerica Investment Management’s European collateralized loan obligation Pinewood 2013-1, which is being arranged by Investec, is expected to price by next week, though market chatter suggests the firms involved are still tweaking the structure ahead of launch.
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Eden Springs expects to allocate its loan package this afternoon, after delays to the process.
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Campbell Europe, the division of soup maker Campbell Soup Company, which operates in continental Europe, is set to borrow €320m through a senior secured loan. The debt will back the company’s acquisition by private equity firm CVC Capital Partners.
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After a surge of transatlantic leveraged loans in July, market participants are adamant that borrowers should keep tapping the US market.
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Aviva Investors has hired Sunita Kara as portfolio manager for its European high yield investments.
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CVC Capital Partners is preparing a secured and unsecured high yield bond package to finance its takeover of Domestic & General Group, a UK insurance company specialising in appliance breakdown cover.
