Top Section/Ad
Top Section/Ad
Most recent
Despite the allure of lower loan prices, CLO managers should print deals cautiously
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Leveraged loans in stressed sectors like software carry refinancing risk
LBO financing includes $5.75bn term loan to be priced early next week
More articles/Ad
More articles/Ad
More articles
-
After issuing a warning that it may breach its financial covenants this year as its Ebitda tumbles, Yell Group has turned to Goldman Sachs and Greenhill to advise it on putting in place a new capital structure. The UK directories firm hopes to complete the task in the next 12 months before the bulk of its debt matures in April 2014.
-
Deutsche Bank and JP Morgan have underwritten the €2.4bn term loan facility put in place by German software firm SAP to finance its acquisition of Ariba, a cloud-based business commerce network.
-
Mark Waters, head of energy and commodities, asset and project finance loan syndications and trading EMEA at BNP Paribas, is moving to a new role under former head of loans Julian Van Kan, writes Nina Flitman.
-
The Hong Kong Monetary Authority has scrapped its restrictions on banks’ net open positions of offshore renminbi, giving a shot in the arm to the nascent dim sum loan market. But bankers are still sceptical there will be big growth in offshore renminbi loans before the end of the year.
-
Citic Pacific is aiming to raise HK$6bn ($772.7m) from the international loan market, boosting its funding target after getting senior commitments from 12 different banks. The deal has now been taken into senior syndication.
-
In a startling burst of activity that will give a measure of relief to those bankers fretting about the prospect of a slow second quarter, German healthcare company Fresenius is tapping almost all segments of the capital markets as it looks to finance its €3.1bn acquisition of Rhön-Klinikum, a hospital group.