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
-
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
-
Haymarket Financial is due to price a new European collateralised loan obligation, the €393m Hayfin Ruby II SCA, later this week.
-
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.
-
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.
-
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.
-
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. -
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.
-
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.
-
How healthy is a loans banker? Not very, you might think. A diet of all things financing takes its toll, no doubt. The banker’s daily bread — a complex carb blend of margins, discounts, currencies and broader market fluctuations — isn’t easily digested. And the sleepless nights, oh the sleepless nights!
