Latest investment grade loans news

• Grafton diversifies with long-dated private placements

  

  UK and Irish building materials group Grafton has raised €160m in a dual tranche US private placement (US PP) transaction.

  • 16 Aug 2018

• Petrofac switches revolver for bilateral lines

  

  Petrofac has turned to bilateral financing to reduce its reliance on its existing revolving credit facility, with three banks providing the UK-headquartered oil field services company with separate credit lines.

  • 16 Aug 2018

• Nordic Entertainment agrees to spin off revolver

  

  Sweden’s Modern Times Group (MTG) and its subsidiary Nordic Entertainment Group have agreed a five year revolving credit facility in the run up to the subordinate company being spun off.

  • 15 Aug 2018

• Private debt investors too focused on mid-market lending, claims WTW

  

  Even as the market expands, many private debt investors are failing to capitalise on the breadth of the asset class, concludes a report by actuarial firm Willis Towers Watson (WTW).

  • 14 Aug 2018

• Petrofac reduces revolver requirements with new loans

  

  The UK’s Petrofac has signed $300m of new bank facilities, as the emerging markets focused oil and gas services company looks to cut back on the use of its existing revolving credit facility.

  • 13 Aug 2018

• SEGRO collars €300m long-dated private placement

  

  UK real estate investment trust Segro has sold €300m 10 and 15 year US private placement (PP) notes, to a group of institutional investors.

  • 13 Aug 2018

• Schuldschein shrugs off Nordic bank dressing down from ESMA

  

  The European Securities and Markets Authority recently fined a clutch of Nordic banks for breaking credit rating regulations. The decision could have implications for the Schuldschein market — where arranging banks issue similar ratings to investors.

  • 09 Aug 2018

• Mutual Energy turns private with £200m PPs

  

  Mutual Energy, an energy infrastructure company headquartered in Belfast, has sold £200m ($256.98m) of private placement notes in its first private debt outing.

  • 07 Aug 2018

• BNPP merges US credit markets and banking, hires new levfin head

  

  BNP Paribas is combining its primary and secondary activities in US credit markets under a new Global Credit Markets Americas division, with a new head of leveraged finance joining from Deutsche Bank to bolster the firm’s offering.

  • 23 Jul 2018

• Schuldschein ears pricked at looming trade war

  

  Conversations about global events in the Schuldschein market are a rarity. In fact, a source of pride for Schuldschein participants is that their market is sheltered from the world, and there is little need to dwell on geopolitics. But there is one global event the Schuldschein market can’t avoid thinking about — a trade war that circles around the automotive industry.

  • 19 Jul 2018

Investment grade loans news archive