Latest news
Latest news
Manager has already used its fourth captive equity fund to invest in five CLOs
◆ 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
More articles
More articles
-
Leads on the new loan for Action expect that they will need to extend the deadline for commitments to ensure the facility is fully subscribed. The original deadline for commitments was set for Thursday (July 18), but that is likely to be extended for a few days to allow the final accounts to participate.
-
Marlin, the UK debt purchaser, hopes to price its £150m debut high yield bond today. Yield guidance for the seven year senior secured bonds is the 10.5% area.
-
New collateralized loan obligations from West Gate Horizons Advisors and Invesco Senior Secured Management could be priced by the end of this week as the CLO market begins to firm up after weeks of softening.
-
Ares Management has priced its EUR310.5 million ($406.22 million) Ares European CLO VI collateralized loan obligation.
-
Numéricable has postponed the deadline for commitments to its loan amendment and extension because of mixed feedback from investors.
-
Schaeffler is testing high yield investors' appetite for risk. The German ball bearing maker is marketing a €1.5bn payment-in-kind toggle bond alongside some €2.4bn of loans to refinance all the debt at its holdco level. -
Maisons du Monde, the French furniture retailer, has launched its high yield bond to finance its buyout by Bain Capital. The senior secured deal had been expected, after the underwriters premarketed a transaction last week.
-
DNA, the Finnish telecommunications group several private equity firms were circling, has decided not to go ahead with a sale. The shareholders met on Monday and then chose to carry on with existing operations.
-
Near term maturities for speculative grade rated companies in Europe, Middle East and Africa are surging, according to a report by Moody's. The amount of debt issued by these companies that matures next year, has reached $101bn — a 20% increase from Moody's calculation of 2014 maturities a year ago.
