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
-
The biggest lenders to emerging Europe might have to pull back from the region at the instruction of their central bank. Austrian banks, which account for as much as 20% of CEE loans, will have to restrict their subsidiaries’ lending growth to what they can refinance locally.
-
French supermarket chain Carrefour’s €1.5bn five year revolving credit facility was healthily oversubscribed in syndication, said bankers, despite a challenging market. Some 20 of the Baa1/BBB+/BBB+ rated company’s relationship banks this week signed into the transaction, which has a margin of 75bp and refinances a deal of the same size completed in July 2005.
-
Synchronised signings for OMV and Petrom
-
Austria’s Voestalpine, the steelmaking firm, has wrapped up its debut syndicated loan, signing a €800m five year deal with 11 relationship banks. Crédit Agricole and UniCredit co-ordinated the facility, which was oversubscribed but not increased.
-
European corporates face a potential new credit crunch as their funding needs grow in the coming years while banks deleverage, according to delegates at Standard & Poor’s London forum on the future of corporate funding this week. Companies will need to diversify their sources of finance in response, most agreed.
-
Sanofi-Aventis, the pharmaceutical firm, has managed to cut the size of the bank group on its new €3bn facility but demand for the A1/AA-/AA- rated company’s paper has meant that some banks have also joined the syndicate.