Leveraged/non-investment Grade

  • Liberty’s UPC launches loans to fund Sunrise buy

    Liberty’s UPC launches loans to fund Sunrise buy

    Liberty Global has announced plans for a $7.4bn acquisition of mobile phone company Sunrise, less than a year after the latter's plans to acquire Liberty’s subsidiary UPC fell through. On Wednesday, it launched two sets of term loan 'Bs' to support the new deal.

  • Deutsche plucks two healthcare bankers

    Deutsche plucks two healthcare bankers

    Christina Too and Gordon Butterworth will join Deutsche Bank as managing directors in its healthcare investment banking coverage and advisory team for Europe, the Middle East and Africa.

  • Yanlord boosts loan to $1.1bn

    Yanlord boosts loan to $1.1bn

    Chinese property developer Yanlord Land Group has increased the size of its latest borrowing to $1.1bn-equivalent after receiving strong response during syndication.

  • ‘Corruption is incentive plus stupidity,’ says J Capital's Anne Stevenson-Yang

    ‘Corruption is incentive plus stupidity,’ says J Capital's Anne Stevenson-Yang

    Anne Stevenson-Yang is a director and co-founder of J Capital Research, a New York firm and short seller that specialises in Chinese companies, as well as international companies looking to grow their business in China. GlobalCapital spoke to Stevenson-Yang about the dangers of trusting financial reporting from China, and steps stock exchanges could take to stifle the likelihood of fraud.

  • PP investors 'first in line' for Hammerson payout after rights issue

    PP investors 'first in line' for Hammerson payout after rights issue

    Institutional investors holding Hammerson’s £689m private placements are to be offered a pre-payment option first after the UK property company's intended rights issue, according to a prospectus on the upcoming trade. Unlike the UK property company’s bondholders and bank lenders, during their coronavirus amendment process PP investors negotiated an offer of pre-payment at par for 30% of any proceeds of capital raises or disposals.

  • Barclays boosts global SRI team

    Barclays boosts global SRI team

    Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.

  • Taiflex closes dual-currency loan

    Taiflex closes dual-currency loan

    Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.

  • UK inflation reform to boost student loan ABS repayment

    UK inflation reform to boost student loan ABS repayment

    UK student loan securitizations are set to repay faster if the government decides to reform inflation indices in 2030, benefiting junior investors. Other noteholders could see returns drop if the government opts for an earlier switch date, however.

  • Nordex signs state-backed loan for Covid-19 support

    Nordex signs state-backed loan for Covid-19 support

    Nordex has signed a €350m revolving credit facility, guaranteed by the German state, to help the wind turbine manufactuer through the coronavirus pandemic. Elsewhere in Germany, Tele Columbus refreshed its loan support.

Leveraged/non-investment grade loans news archive