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
-
Manutencoop, an Italian facility management operator, is looking to sell €450m of high yield bonds in yet another debut transaction. Some 50 of the around 115 issuers in the European high yield market this year have been issuing bonds for the first time — including all the deals being marketed this week. -
Action has increased the margins and deepened the discount on its new credit facility in a bid to attract more investors.
-
Infront intends to allocate its new €300m debt package either on Monday afternoon or on Tuesday. All commitments from investors are in, lead bankers have told EuroWeek, but changes to the covenant terms have further delayed the allocation process.
-
Investor interest for new transatlantic covenant-lite loan package by Springer Science+Business Media has been flooding in from both sides of the Atlantic, with American investors in particular committing to the debt late last week, leads said. Commitments for the deal from the German publisher are due on Tuesday.
-
Private equity firm Cinven has reached an agreement to buy the UK's website hosting company Host Europe from Montagu Private Equity. The £438m buy-out money will come from equity provided by Cinven’s Fifth Fund, and senior debt.
-
Leads are ready to re-launch Fotolia’s transatlantic loan package, having substantially revamped the original structure after taking the deal off the market two weeks ago.
-
TSL Education has set the deadline for final commitments to its new £250m debt package for Friday this week. The UK educational publisher may also change the terms of the deal’s covenants before then.
-
CeramTec, the German ceramics manufacturer, has announced its €306.7m high yield bond to support its takeover by private equity firm Cinven.
-
Maisons du Monde has sold its €325m buyout bond at the tight end of price guidance. The notes came with a 9% coupon at par on Monday.
