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  • Boels offers rare covenanted loan to fund Cramo takeover

    Boels offers rare covenanted loan to fund Cramo takeover

    Dutch equipment rental company Boels has launched a €1.61bn term loan B to finance the acquisition of Cramo, a Finnish rival. It is a rare chance for lenders to access a leveraged deal with maintenance covenants, a concession sponsors will no longer give but which some companies can still tolerate — though the huge headroom in this case means they are a minimal restriction.

    21 Feb 2020
  • Water companies re-enter market fray after Ofwat purgatory

    Water companies re-enter market fray after Ofwat purgatory

    UK water utility companies have begun to test public and private debt markets for the first time since regulator Ofwat’s price review, and the deadline to appeal it, passed. The regulator’s decision will have large ramifications for the companies’ profiles in capital markets, writes Silas Brown.

    20 Feb 2020
  • Bankers fret over LBO pipeline as auctions dwindle

    Bankers fret over LBO pipeline as auctions dwindle

    After a furious start to the year, leveraged finance bankers are now worrying about what’s next for new money leveraged buyouts, with few corporate carve-outs on the horizon and a plethora of political pain points to keep sponsors on the sidelines. Owen Sanderson reports.

    20 Feb 2020
  • Tanzania raises $1.46bn for railway project

    Tanzania raises $1.46bn for railway project

    Tanzania’s Ministry of Finance has raised a $1.46bn loan — its largest foreign loan to date — to finance the construction of a railway from Dar es Salaam to the centre of the country. The loan is being provided by a number of development banks and credit agencies.

    20 Feb 2020
  • Micro Focus seeks to refi 2021 term loan

    Micro Focus seeks to refi 2021 term loan

    London-listed tech firm Micro Focus is refinancing and extending its term loan 'B' and revolver, with a $1.435bn-equivalent deal across dollars and euros. The company has had a grim year — reflected in the targeted loan margins — with a series of revenue warnings, a sliding share price and subsequent exit from the FTSE100, a failed sale of part of the business, and the departure of its long-serving executive chairman.

    19 Feb 2020

  • Archer plots loan A&E

    Global oilfield services company Archer is in discussion with lenders to amend and extend its senior bank facility, with the Bermuda-based borrower expecting to close the deal before the end of March.

    19 Feb 2020
  • Almarai feasts on $100m for MENA expansion

    Almarai feasts on $100m for MENA expansion

    Saudi Arabian food and beverage producer Almarai has secured a $100m loan from the European Bank for Reconstruction and Development (EBRD) to support expansion in Egypt and Jordan.

    19 Feb 2020
Loan Article Archive

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Global Syndicated Loan Volume

Rank Lead Manager Amount $bn No of issues Share %
1 JPMorgan 51.65 144 12.64%
2 BofA Securities 39.80 135 9.74%
3 Citi 35.43 88 8.67%
4 Wells Fargo Securities 21.04 77 5.15%
5 Credit Suisse 20.13 65 4.93%
View full table
For detailed analysis: Dealogic
Last updated Today

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $bn No of issues Share %
1 Deutsche Bank 5.63 19 11.02%
2 JPMorgan 4.38 14 8.57%
3 BofA Securities 4.14 15 8.10%
4 Citi 3.66 15 7.17%
5 Commerzbank Group 2.65 10 5.19%
View full table
For detailed analysis: Dealogic
Last updated Today