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Agreement includes accordion facility
Flooring company's bespoke 'super senior funding' was done away from the syndicated loan market
Scrabble expected to sign deals before summer
UBS promotes bankers to replace leveraged finance specialist
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Hans van der Ploeg will serve as executive director of leveraged lending across Europe
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Deal could mark the entry of a new player into the European CLO industry
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US alternative asset manager Ares has provided UK environmental services firm RSK with £1bn, with its margins tied to sustainable targets. While this is not the first sustainability-linked loan in private credit, it is quite considerably the largest and may operate as a bellwether for future issuance.
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RHI Magnesita, an Austrian refractory supplier, has linked interest rates on credit lines totaling €770m to a third-party ESG rating. ING acted as arranger on the deal.
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A $350m sustainability-linked loan for Cal-Comp Electronics (Thailand) Public Co has been launched into syndication.
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RBC Capital Markets has hired Citi's former head of structured credit sales EMEA, John Miles, to lead its recently established alternatives and private capital solutions (APCS) group.