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Former investment banker has been CFO of Verbund
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Gates Global, the US power transmission belt maker, rescheduled commitments for a euro term loan add-on to Thursday, after increasing it by nearly €200m from around €275m. The move came in a week when JP Morgan analysts and others voiced concern about risks in the leveraged finance market. -
Ahalia Hospital in the UAE has signed an Dh420m ($114m) syndicated loan to refinance one taken out last year, according to a banker on the deal.
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Mimi Cheng, chief representative of First Gulf Bank in Hong Kong, has left the firm less than a year after taking over the position.
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Ülker, a Turkish food manufacturer, has sent out a request for proposals for a $200m syndicated loan, making it the first corporate borrower from the country to enter the market this year, according to a banker on the deal.
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Cory Riverside Energy, the UK waste management and energy firm, has signed a £520m loan restructuring package, after divesting three of its four businesses since Strategic Value Partners took control of it in 2015.
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In a busy week for European corporate bond issuance, two hybrid capital issues are taking centre stage.
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