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Leveraged Loans

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  • HSBC has hired a former Bank of America Merrill Lynch banker to its leveraged and acquisition finance team in Hong Kong.
  • Genuine Parts Company (GPC) will issue $2bn of bonds and loans and ramp up the size of an existing revolver to fund its purchase of France’s Alliance Automotive Group (AAG) when it buys the auto parts wholesaler from private equity towards the end of this year.
  • Norway paper producer Norske Skog has almost won enough support for its last ditch attempt to stave off insolvency, after the majority of holders of it s senior bonds due 2019 agreed to the firm’s recapitalisation proposal with just days left until the final deadline.
  • France’s HomeVi is set to launch a €1.15bn loan package into syndication to refinance its outstanding 2021 bonds, months after the company’s private equity owners entered into exclusive talks to sell the elderly care services provider.
  • US private equity firm Hellman & Friedman has made a $5.3bn-equivalent takeover offer for digital payments company Nets, with the Nordic company urging investors on Monday to accept the deal.
  • US private equity firm Hellman & Friedman has made a $5.3bn-equivalent offer for digital payments company Nets, with the Nordic company urging investors on Monday to accept the deal.