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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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. -
GSO Capital Partners priced its second European collateralised loan obligation this year — and 2013’s largest so far—on Friday, as euro CLO issuance in the third quarter alone is closing in on the total seen in the entire first half of the year.
