Leveraged/non-investment Grade

  • Details emerge on LMA's loan automation plans

    Details emerge on LMA's loan automation plans

    Some of the most commonly used syndicated loan documents will fall under the remit of the Loan Market Association's new automation platform, which is expected to be launched before the end of the year.

  • CP Group’s acquisition loan open in senior

    CP Group’s acquisition loan open in senior

    Charoen Pokphand Group has invited banks to join a $7.5bn dual-currency loan in senior syndication. The deal will support the Thai conglomerate’s acquisition of Tesco’s Asia business.

  • Wizard wheeze: leveraged investors worry about sponsor cash injections

    Wizard wheeze: leveraged investors worry about sponsor cash injections

    Merlin Entertainments, one of last year’s biggest take-privates, has some investors worried about whether it will seek new financing to get it through the coronavirus lockdowns that have shuttered the theme park business’s main sites. Any new financing could weaken the security package for existing lenders and bondholders — though liquidity to get through the lockdowns is essential, writes Owen Sanderson.

  • Schuldschein moves undercover as firms chase big buyers

    Schuldschein moves undercover as firms chase big buyers

    The Schuldschein market’s official lines of bookbuilding have been all but shut during the Covid-19 crisis, but sources have told GlobalCapital that several companies have discreetly approached larger lenders for club or bilateral deals.

  • Your country needs you, investment bankers

    Your country needs you, investment bankers

    The 2008 financial crisis forged a generation of investment bankers well versed in advising governments — and with many having returned to banking, they are likely to be in demand again. But history suggests banks will not be earning lucrative fees, writes David Rothnie.

  • Asian loans ready for tougher times after coronavirus

    Asian loans ready for tougher times after coronavirus

    Asian borrowers should ready themselves for tighter covenants on their loans once the Covid-19 outbreak is brought under control, multiple senior loans bankers told GlobalCapital Asia this week. A much-needed price correction may also be coming, writes Rashmi Kumar.

Leveraged/non-investment grade loans news archive