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Major sectors in leveraged loans are trading down, making shrewd credit selection vital
William Liu joins from K&L Gates
Buyers line up €11bn of debt and equity financing
Upper mid-market firms eschew ‘exciting’ stories as cracks emerge in European private credit
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African agriculture conglomerate Export Trading Group (ETG) has approached the loan market for a borrowing of up to $100m.
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International consumer finance company Home Credit Group is syndicating a slice of its €500m fundraising to Asian banks.
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Spanish geotechnical engineering firm Terratest has signed a €60m unitranche deal with Tikehau IM, as it looks to complete its restructuring following its acquisition by Platinum Equity in 2014.
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ANZ has named Gavin Chappell as the head of loan syndications for Australia, poaching him from Westpac.
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Avaloq, a Swiss fintech firm, has launched Sfr410m-equivalent of loan facilities, backing Warburg Pincus’s 35% investment in it, which values it at over Sfr1bn.
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Chinese mobile phone maker Xiaomi, which sounded out lenders to refinance a syndicated loan raised in 2014, has sent out terms for the new facility to retail banks.