• HOME
  • SYNDICATED LOANS

Syndicated Loans

Covid-19

Other news

  • BASF Construction Chemicals next bridge to drop after TKE blowout

    Banks have launched the buyout funding for Lone Star’s purchase of BASF Construction Chemicals into market, as the storming execution of ThyssenKrupp Elevator shows the discount banks must take to exit pre-Covid positions is rapidly shrinking. But underwriters had already taken risk off the table by pre-placing the larger dollar loan, with GSO likely taking a piece.

  • MasMovil bookrunners derisk bond deal with boost to loan

    MasMovil bookrunners derisk bond deal with boost to loan

    Banks backing Cinven, KKR and Providence’s take-private of MasMovil have boosted the size of the euro loan tranche in the market this week by €500m, cutting down the planned bond that will fund the remainder of the deal, the first major LBO announced in Europe since the coronavirus crisis.

  • Barclays names levfin and sponsors leadership

    Barclays names levfin and sponsors leadership

    Barclays has appointed two new chairs of its leveraged finance and sponsors business, with Chris Turner relocating to New York to become chairman of global leveraged finance.

  • Sodexo pays back $1.6bn of US PPs early

    Sodexo pays back $1.6bn of US PPs early

    After discussions with US private placement holders, French food services company Sodexo has said it will repay roughly $1.6bn of debt early. Four market sources said this was the largest corporate early repayment of US PPs of all time. Some fear a growing disconnect between institutional investors and companies over financial covenants, and attempts to amend them.

Loan Article Archive

Comment

Leveraged/non-investment grade

People News