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Investment Grade Loans

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  • Tencent Holdings has received enough commitments to more than double its $1.5bn loan as liquidity continues to pour in for names in the Chinese technology sector, said sources close to the trade.
  • The Ranger and our trusty crew hit the high seas last week (well, OK, the tube, but bear with us) headed for the swashbuckling Loan Market Association via the treacherous waters of Canary Wharf.
  • Samsonite International has signed a credit agreement with its lenders for the $2.425bn financing it took out to back its takeover of premium luggage maker Tumi, according to a company filing.
  • Mizuho has appointed a new associate director of EMEA loan sales in its London office.
  • DBS has seen one departure each in its loans teams in Singapore and Hong Kong, according to sources.
  • There’s no need to fluster about the “flexit” clause cropping up in loan documentation.