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
-
A five year pre-export financing for Russia’s Rusal could raise even more than the $4.75bn that its board of directors has approved if the 10-strong lending club agrees to larger tickets. The deal is already much bigger than the $4bn refinancing originally envisaged.
-
Banks are in discussions with Russian oil producer TNK-BP for a $1bn four year loan, according to bankers close to the borrower.
-
Russian oil firm Tatneft has signed a $550m three year bullet loan with a fixed rate margin of 350bp. The borrower asked its lending group for a facility which had an in-built hedge against anticipated increases in the Libor rate.
-
Steinhoff Europe will sign a Eu1.2bn loan facility after attracting heavy oversubscription in syndication for what started out as a Eu700m deal. The German furniture maker, a subsidiary of South Africa’s Steinhoff International, closed the deal on Wednesday after awaiting a few straggling lenders.
-
A Eu250m revolving credit for Finnish fibres manufacturer Ahlstrom was signed on Thursday. The five year deal, which will be used for general corporate purposes, replaces a Eu200m revolver signed in 2009 and set to mature next year.
-
Norwegian engineering group Aker Solutions has signed a Nkr6bn ($1.1bn) revolver to refinance the company’s existing credit facilities of Eu750m and Nkr2bn, arranged in 2006 and 2008, respectively.