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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
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GlobalCapital caught up with Nigel Houghton of the Loan Market Association to discuss the real depth of Europe’s secondary loan market and leveraged loans’ competitive advantage over high yield.
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Outdoor clothing retailer AS Adventure has booked a Friday bank meeting for its €245m acquisition loan, with price talk reflecting investors’ wariness of retail borrowers.
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French insurance broker Siaci Saint Honore launched its €285m acquisition loan this morning (Wednesday) and will guide pricing at a Monday bank meeting.
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GlobalCapital caught up with Nigel Houghton of the Loan Market Association to discuss the real depth of Europe’s secondary loan market and leveraged loans’ competitive advantage over high yield.
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British American Tobacco broke new ground in the European corporate bond market on Tuesday when it priced a €600m 30 year bond as part of a €3bn four tranche deal.
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Ineos, the Swiss-registered chemical company, has cut pricing on its €1.4bn loan after increasing the facility, a move that investors seem to have taken in their stride.