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
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Lenders have until Friday to commit to a debt amendment process for UK developer of medical technologies ConvaTec. The proposed changes to the company’s outstanding debt include a tightening of margins and a tweak of its covenants.
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Action allocated its new €275m term loan ‘B’ on Tuesday after pushing through a last-minute reverse flex.
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Swissport sold its $390m high yield tap at the mid-point of price guidance yesterday. The notes, which will be fungible with its $555m 7.875% senior secured 2018 bond, were priced at 102.75.
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S&B Industrial Minerals, the Greek mining group, sold its debut high yield bond on Tuesday. The deal finances one of the first leveraged buyouts in Greece since its sovereign debt crisis. -
RBC Capital Markets is picking up Royal Bank of Scotland’s head of collateralized loan obligation origination Russell Pemberton with an eye to taking a slice of the market for new-issue arrangement contracts, according to people familiar with the matter.
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Eden Springs expects to receive final commitments for its new package of loans by the end of this week, after an especially long issuance process.
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UK educational publisher TSL Education has tightened the restrictions attached to its new £250m debt package, most notably by adding a second financial covenant.
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Swissport, the Swiss provider of ground services for airlines and airports, wants to issue some $390m of high yield bonds to finance a planned acquisition.
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Cabot Financial, one of the high yield market's consumer debt purchasers, sold a high yield bond inside price guidance on Monday, in a one day execution. The £100m of senior secured notes were priced at par to yield 8.375%.
