• HOME
  • SYNDICATED LOANS

Syndicated Loans

Covid-19

Other news

  • HPS provides rescue loan to Hostelworld

    Online travel agency Hostelworld has signed a five year €30m secured loan facility with HPS Investment Partners, the asset manager headquartered in New York.

  • Indomobil revs up $200m club loan

    Indomobil revs up $200m club loan

    Indonesian motor vehicle financing company Indomobil Finance Indonesia is sounding out the market for a loan return. It has opted for a club deal this time around.

  • Rusal secures funding from Russian banks for smelting project

    Rusal secures funding from Russian banks for smelting project

    Rusal, the leading Russian aluminium company, has arranged a syndicated loan from a consortium of local lenders. Funds will support the development of a smelting project in Siberia, which the company claims is “environmentally friendly”. In recent times, Rusal and its affiliates have come under both positive and negative scrutiny as regards sustainability.

  • Citi’s Fraser makes net zero pledge on first day as CEO

    Citi’s Fraser makes net zero pledge on first day as CEO

    Jane Fraser, CEO of Citigroup, said on Monday — her first day in the post — that the bank was committing itself to net zero financed greenhouse gas emissions by 2050. It joins major banks such as Barclays, HSBC and Morgan Stanley in having made such a promise.

  • Barclays, Deutsche dodge losses thanks to risk transfer market but investors tighten terms

    Barclays, Deutsche dodge losses thanks to risk transfer market but investors tighten terms

    The synthetic risk transfer market helped some of Europe’s biggest banks dodge loan losses last year, with Barclays saving more than £300m and Deutsche at least €150m. But the backdrop last year led to investors taking a tougher line on writing new credit protection, steering clear of pools with limited disclosure and hoping to dodge the most damaged sectors.

  • EG Group fuels pump purchases with private debt

    EG Group fuels pump purchases with private debt

    EG Group lent on private markets to raise cash for its purchase of UK supermarket Asda’s forecourts business, as well as a chain of German petrol stations bought from OMV. The group is raising first and second lien loans, and privately placed a £675m bond in Reg S-only format on Friday.

  • McColl’s wins covenant relief on £167.5m of bank debt

    McColl’s wins covenant relief on £167.5m of bank debt

    McColl’s, the UK retailer, has amended and extended £167.5m of bank debt in part to relax covenant requirements, as banks are still being called upon to be lenient with borrowers a year after the coronavirus pandemic started.

  • ICGT follows parent into loan market

    ICGT follows parent into loan market

    Intermediate Capital Group Enterprise Trust (ICGT), a UK private equity investor, has signed a €200m loan facility, a month after the company’s parent refinanced its sterling facility.

  • UIC taps green and SLL market for $300m

    UIC taps green and SLL market for $300m

    Singapore real estate company United Industrial Corp has raised a $300m loan comprising both green and sustainability-linked tranches, adding further momentum to the nascent asset class in Asia.

  • Glenveagh bulks up bank facility

    Glenveagh bulks up bank facility

    Glenveagh Properties, the Irish house builder, has signed a €250m bank line to refinance debt due in April, adding to its lending group in the process.

  • Soltec bumps up bank debt after IPO

    Soltec bumps up bank debt after IPO

    Soltec, a Spanish solar tracker company, has refinanced its main syndicated bank loan, almost doubling the size of its bank facilities four months after the company publicly listed.

  • GlobalCapital Syndicated Loan, Leveraged Finance and Private Debt Awards 2020: the full results

    GlobalCapital Syndicated Loan, Leveraged Finance and Private Debt Awards 2020: the full results

    After a poll of market participants at the end of 2020, GlobalCapital can now reveal the winners of its annual Syndicated Loan and Leveraged Finance Awards. GlobalCapital can also reveal the winners of the Private Debt Awards. Regrettably, we still cannot celebrate the awards with you in person, but we congratulate all the winners and nominees in this exceptionally challenging year.

  • Zhen Ding wraps up $250m loan

    Zhen Ding wraps up $250m loan

    Taiwanese printed circuit board manufacturer Zhen Ding Technology Holding has closed a $250m loan with three participants.

  • Finance is fossilised

    Finance is fossilised

    Look at any bank’s website or hear its CEO speak and you will get a torrent of virtuous words about climate change, sustainability and supporting clients on their journeys to net zero. The same goes for big investors, from BlackRock down, but the windows of their ivory towers are misted up with all the hot air being spouted.

  • Dyal Capital sells billions of PP debt to distribute to investors

    Dyal Capital sells billions of PP debt to distribute to investors

    Dyal Capital, the US private equity firm that specialises in buying minority equity stakes in private equity and hedge fund managers, has employed a financing method — private placements securitized on fund cashflows — rarely seen before in its industry, writes Silas Brown.

  • NTT dials in blowout transatlantic trade

    NTT dials in blowout transatlantic trade

    Nippon Telegraph & Telephone Corp (NTT) had a storming outing in the bond markets this week, easily raising €1bn in Europe and $8bn on the other side of the Atlantic to refinance M&A bridge debt.

Loan Article Archive

Investment Grade