Latest leveraged/non-investment grade loans news

• Adira Dinamika launches $250m into general

  

  Adira Dinamika Multi Finance has launched a $250m three year term loan into general syndication. The deal was helmed by five lenders.

  • 15 Feb 2019

• Levfin and a bad block weigh on Credit Suisse

  

  Credit Suisse’s fourth quarter results showed damage from the high yield and leveraged finance market’s tantrum in the last quarter of 2018. The bank was also hit by a Canada Goose block trade gone wrong.

  • 14 Feb 2019

• PV Gas preps loan amid buoyant bid for SE Asia

  

  PetroVietnam Gas Joint Stock Corp has picked Mizuho as sole mandated lead arranger and bookrunner for a $200m borrowing. It is the latest sign of a boom in southeast Asia’s offshore loan market that is leaving bankers divided on pricing, tenors and covenant packages.

  • 14 Feb 2019

• Vingroup returns for $300m through Deutsche Bank

  

  Vingroup Joint Stock Company has made a quick return to the offshore loan market, attempting its third borrowing in 12 months.

  • 14 Feb 2019

• First test for levloans as Amer and Ahlsell enter euro market

  Banks met on Tuesday for the first sizeable new money European leveraged loan of 2019: a €1.7bn acquisition loan funding the purchase of Finnish sports equipment company Amer Sports. CVC’s take-private of Swedish installation products maker Ahlsell then hit the market on Wednesday.

  • 13 Feb 2019

• Green knowledge is not an efficient market

  

  Biofuels have swollen thanks to policies to combat climate change — even though often, they do not help the problem and can make it worse. This is a shocking record, born of ignorance, both accidental and wilful.

  • 12 Feb 2019

• Debenhams strikes rescue refi deal

  

  UK department store chain Debenhams has agreed a refinancing with its existing lenders, giving it an extra 12 months and an extra £40m of headroom, along with certain covenant waivers — but the race is on for a full recapitalisation by the end of the second quarter.

  • 12 Feb 2019

• Tian Lun Gas closes HK$2bn refi

  

  China Tian Lun Gas has closed an oversubscribed loan worth HK$2bn ($255m) after attracting 13 lenders in general syndication.

  • 12 Feb 2019

• Nikko Asset Management adds to London high yield credit team

  Nikko Asset Management said it had hired Richard Kehoe as senior high yield analyst for its global fixed income team in London.

  • 11 Feb 2019

• Cork popped on Searcy’s acquisition loan

  

  Banks have started marketing the sterling loan to fund the acquisition of a stake in Westbury Street Holdings, the parent company of Searcy’s champagne bars and Benugo coffee bars, with a £363m seven year term loan and a £91m eight year second lien on offer.

  • 11 Feb 2019

Leveraged/non-investment grade loans news archive