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  • Syndicated loans, bonds boost Cred Ag earnings

    Syndicated loans, bonds boost Cred Ag earnings

    Crédit Agricole emphasised high levels of activity in syndicated loans and fixed income, especially among French clients, as it revealed a strong set of quarterly earnings on Friday.

  • Sucafina brews up bigger sustainability loan

    Sucafina brews up bigger sustainability loan

    Sucafina, a Swiss coffee company, has signed a $500m sustainability-linked borrowing base facility, as a small wave of deals from the German speaking region come to fruition.

  • Lenders push back on Cerba's ESG conditions

    Lenders push back on Cerba's ESG conditions

    Diagnostics firm Cerba Healthcare has made the key performance indicators on its sustainability-linked loan more ambitious after talks with leveraged loan investors on its financing for its buyout by Swedish private equity firm EQT. The deal was priced late Thursday at the tight end of the range.

  • Suelze Holding signs loan as more line up

    Suelze Holding signs loan as more line up

    Suelzle Holding, a German steel maker, has signed a €140m revolving credit facility, as lenders say there are a handful of similar deals in the works for borrowers in the German speaking region.

  • Judge backs Virgin Active’s precedent-setting restructuring scheme

    Judge backs Virgin Active’s precedent-setting restructuring scheme

    UK courts have endorsed gym chain Virgin Active’s restructuring plan, a precedent-setting move which shows that the UK’s new restructuring law with its ‘cross-class cramdown’ feature can be used instead of a CVA to cut debts to landlords. Some claim it represents a further attack on already-struggling landlords, but others argue than having all creditors share the pain at the outset should mean better recoveries if other chains follow this approach.

  • Chinese FIG names lead the way in Asia’s loan revival

    Chinese FIG names lead the way in Asia’s loan revival

    Chinese financial institutions are leading a revival in Asia’s loan market as they take advantage of a shift in market dynamics to tackle their refinancing needs. Borrowers from other industries are also likely to join the action before long — if only to get ahead of a possible US interest rate hike after a rise in inflation, writes Pan Yue.

  • AlpInvest bags $650m SLL in first for funds-of-funds

    AlpInvest bags $650m SLL in first for funds-of-funds

    The current of interest in sustainability-linked finance entered a new district of the capital markets this week — private equity funds-of-funds. AlpInvest Partners, one of the biggest managers in the market, has signed a $650m facility tied to its environmental, social and governance investment practices. But the deal raises the question of the role of transparency in such financings.

  • Corporates must be more transparent on sustainability-linked loans

    Corporates must be more transparent on sustainability-linked loans

    By being allowed to hide the details of sustainability targets and incentives, Europe’s investment grade corporations are being given an easy ride when it comes to sustainability-linked loans. They must be more open if the market is to remain credible.

  • Turkish borrowers plough on in debt markets against persistent instability

    Turkish borrowers plough on in debt markets against persistent instability

    LimakPort, the Turkish international port, entered the debt market on Tuesday, while Turk Eximbank has successfully secured a dollar syndicated loan facility. Turkish issuers are demonstrating resilience, market participants say, amid the heightened levels of domestic and political volatility in the last three months.

  • EM loan bankers ‘not very confident’ of deal boost

    EM loan bankers ‘not very confident’ of deal boost

    The number of emerging market syndicated loans is in decline for the fourth year in a row, according to Dealogic data. Bankers' outlooks for the rest of the year err on the pessimistic side, with the fallout from the pandemic being the main concern.

  • Symrise pledges SLL debut margin changes to charity

    Symrise pledges SLL debut margin changes to charity

    Symrise, a German flavour and fragrance producer, has signed a €500m debut sustainability-linked loan, with the company one of the few to disclose that any margin change due to hitting key performance indicators will be paid directly to charity.

  • Haid debuts with $400m loan

    Haid debuts with $400m loan

    Guandong Haid Group Co, a Chinese agricultural and animal husbandry company, is in the loan market with its debut offshore borrowing of up to $400m.

  • Jacquet Metal Service leads SSD revival

    Jacquet Metal Service leads SSD revival

    French steel parts and distribution company Jacquet Metal Service has launched a further Schuldschein, according to sources. The market is gearing up for somewhat of a renaissance after a moribund 2020 and GlobalCapital understands that 10-15 more transactions are set to be launched in May.

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