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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Minimax Viking has revised the pricing and structure of its new transatlantic loans package to reflect investor interest in the deal. -
A Caa1/B- rated bond for Playa Resorts Holding, a highly leveraged Mexican and Caribbean hotel play that was being run off the lead banks’ US high yield desks, surprised LatAm DCM bankers and EM debt investors by pricing at a yield of 8% on Monday
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Haymarket Financial is due to price a new European collateralised loan obligation, the €393m Hayfin Ruby II SCA, later this week.
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Haymarket Financial is due to price a new European collateralized loan obligation, the EUR393 million ($521.37 million) Hayfin Ruby II SCA, later this week.
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The bond financing for BMC Software’s LBO looked set to provide the highlight of the week in the European high yield primary space as market participants finally began to leave their desks after a busy July.
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Metallum expects to allocate its €295m loan package later this week, after receiving sufficient commitments from lenders on Friday. The metal recycling and processing company will use the money raised to support its buyout by private equity firm TowerBrook Capital Partners.
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French funeral services company OGF has entered early-bird discussions with potential lenders for its new debt. The loans package, which the leads expect to total €635m, will back the company’s €900m acquisition by private equity firm Pamplona.
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Bookrunners on Italian gaming company Cogetech’s debut senior secured note surprised the high yield market on Friday by pulling the deal after books closed.
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Lenders submitted final commitments to ConvaTec’s debt amendment on Friday. The UK developer of medical technologies expects to allocate the deal, which was oversubscribed, on Monday afternoon.
