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New facility smaller than the original but 20% larger than the launch amount
In Europe loans are the key to opening ancillary business while in the Middle East relationships should cap premiums
Market stress so far confined to consumer credit and SMEs across region
Tighter margin loan a 'sign of things to come' for infrastructure lending
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Chinese smartphone and laptop maker Lenovo Group has sealed a $1.5bn borrowing from 21 lenders, according to bankers.
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UK casual wear company JD Sports is set to break into the US market with an around $558m acquisition of Finish Line, which will be financed in the loan market.
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Industrial conglomerate Melrose and its hostile acquisition target UK engineering firm GKN fired their final salvos in the run up to a crucial shareholder meeting on Thursday.
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UK drug maker GlaxoSmithKline has agreed to buy Novartis’s 36.5% stake in the pair’s consumer healthcare joint venture, just days after backing out of an acquisition for a similar Pfizer unit.
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Les Cinémas Gaumont Pathé, a subsidiary of Pathé Group, has issued an inaugural Euro PP transaction in what is a large size for the busy market.
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UK transport operator FirstGroup has raised dollar funding in the US private placement market in a bid to refinance sterling bonds expiring in September. According to one agent, the transaction was twice subscribed despite 15 other borrowers also being in the market.