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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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The £920m loan for Steinhoff’s bid for Darty remains in place, although the South African firm has been outbid by French retailer Fnac.
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It’s that time of the year again in the European high yield market: finally, the single-B, the triple-C and even the unrated credits are racing towards a window of issuance that market participants say heralds a busy second half of the year.
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Indonesian company Sarana Multi Infrastruktur has approached retail participants for a $175m bullet loan to refinance debt.
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The Asia Pacific loan syndicate team at Société Générale is seeing changes at the top with the current head of the division relocating to Europe.
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Funke Mediengruppe, the German media group, has agreed an extension to its loan facilities, in one of the few amend-and-extend operations so far in 2016.
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The limited syndication process for a multi-currency financing for affiliates of Sino Horizon has begun with one bank at the helm.