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
-
November is set to fulfil its promise as a busy month for corporate bond issuance, as companies are coming to the market in quick succession, and more are lining up to take their turns.
-
Faurecia, the French car parts manufacturer, has refinanced a €1.15bn undrawn loan facility, hiring 10 banks. -
3i, the UK private equity and investment fund, has closed a mid-market loan fund for the first time after receiving commitments of €250m.
-
Banks are lining up for Pelabuhan Indonesia II’s $1bn loan that opened into general syndication in October. State ownership and its operation in a strategic industry has helped the company get a good response.
-
Indonesian telecom infrastructure provider Tower Bersama, which sealed its last loan as recently as July, is back in the market for a $1bn borrowing. The company has made a rapid return to take advantage of the downtrend in pricing for major Indonesian credits that began after the election uncertainty subsided.
-
A spate of restructurings and defaults by Chinese companies has spooked the syndicated loans market and some banks are now saying there will be a flight to quality. However, by squeezing lending to mid-cap names, banks could miss out on funding the next Xiaomi or Alibaba. Instead they should improve their credit checks and look for more innovative solutions.
