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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Marlborough Partners is expanding its leveraged debt advisory business into the Continent with the opening of an office in Germany and the hire of Markus Ehrler. Ehrler, who joins from private equity firm 3i, will lead the Frankfurt office, which will open later this month in a sign that the firm reckons LBO activity in the German-speaking region will soon be on the up, writes Stefanie Linhardt.
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CeramTec, the German industrial ceramics maker bought by Cinven, has released price guidance and plans to sell its high yield bond today.
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Travelex, the UK bureau de change chain and foreign exchange dealer, sold its £350m high yield bond at the tight end of price guidance on Wednesday, though the deal traded slightly lower on Thursday. -
Gamenet, the latest Italian gambling provider seeking to sell a high yield bond, has released price guidance.
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Springer Science+Business Media has deepened the discount on its new transatlantic covenant-lite loan package in order to make the transaction more appealing to potential investors.
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Bankers working on the €450m high yield bond for Italian facilities management company Manutencoop have released price whispers for the fixed rate tranche.
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Completel, the French telecommunications company, allocated its new deal on Tuesday evening. The transaction involved an overhaul of Completel’s debt structure, with the creation of a new term loan ‘B3’ tranche and the refinancing of non-extended credit.
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Salini has become the first of the latest spate of Italian speculative grade rated issuers to succeed in selling a high yield bond before the summer.
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Picard, the French frozen food retailer, wants to refinance its term loans with €480m of floating rate notes. The business, owned by Lion Capital, is well known in the leveraged finance markets.
