Top Section/Ad
Top Section/Ad
Most recent
Despite the allure of lower loan prices, CLO managers should print deals cautiously
Software loan sell-offs and the Iran war have caused US and European loans to price differently
Leveraged loans in stressed sectors like software carry refinancing risk
LBO financing includes $5.75bn term loan to be priced early next week
More articles/Ad
More articles/Ad
More articles
-
Philippines’ Petron Corp, which recently amended covenants on a 2014 borrowing, has hit the market for a $550m refinancing that was funded in July. -
Tractel, the French maker of lifting machines being bought by Cinven, held a bank meeting on Wednesday morning, to present to potential investors the terms of its new €235m all senior loan package.
-
Hong Kong Tian Yuan Manganese International Trade, which sent out invitations for a $150m loan this week, is now understood to have cancelled the transaction after second thoughts on the impact of a weaker renminbi.
-
Tata Steel’s attempt to cut pricing on a $1.5bn portion of a loan completed in 2014 has met resistance from lenders, who are concerned about the outlook of the company’s sector. With the borrower also understood to be looking at tweaking covenants, the transaction is proving to be a test of client-bank relationships. Shruti Chaturvedi reports.
-
A $165m triple-tranche loan for CVC-sponsored Asia Education Investment has been allocated, with three lenders joining during general syndication. The response was considered muted by some but the leads said they only had a limited portion to sell down to begin with.
-
British largest off-license chain Conviviality Retail has agreed to buy drinks wholesaler Matthew Clark Holdings with funds from £80m of term loans and a £130m share placing.
