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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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Patheon, the US pharmaceutical contract manufacturing firm, held a lender call on Monday for a repricing of its €465m cov-lite term loan, as did fellow US company Platform Specialty Products for its own €575m term loan.
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Barclays’ head of EMEA leveraged capital markets is set to leave the bank, according to sources with knowledge of the matter.
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High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.
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Intermediate Capital Group’s CEO and chief investment officer is to retire later this year after 23 years at the firm.
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MUFG has hired a senior leveraged finance banker from RBC Capital Markets to head financial sponsors within its leveraged finance team in EMEA.
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Investcorp, the Bahraini investment house, wants to more than double its leveraged credit portfolio to $25bn, after buying the global debt business from 3i.