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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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A $425m five year loan for Marlin Enterprise's acquisition of a gold mine in Indonesia has been received well by retail lenders.
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ICICI Bank’s international loan syndications team in Singapore is losing a banker who has been with the Indian lender for eight years.
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The Netherlands announced the sale of Propertize, a financial agency holding real estate loans from government bail outs, to a consortium formed by private equity firm Lone Star and JP Morgan on Tuesday.
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While a handful of loans were put on hold following the UK’s vote to leave the EU, a few deals already in the market are braving the choppy waters, with certain credits finding resilient support.
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Private equity funds have spent the last two or three years clearing out their cupboards, selling business after business. They have plenty of new money, too — but have not been buying assets. Brexit could bring them out of hiding.
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Swedish sponsor EQT is set to syndicate €1.25bn of loans in July to fund its acquisition of German Bilfinger’s real estate business, in a market that has been led by German and French deals since the Brexit referendum.