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The deal maintains 2023's overall size but increases the RCF with one lender dropping out of syndicate
German corporate loan flow evaporates in third quarter thanks to lack of urgency and borrowers' desire for better terms
In the super-competitive race to fund the artificial intelligence boom, Morgan Stanley has led its rivals by innovating. Some of the structures could be heading to Europe
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Shire has signed an $18bn loan with two underwriters to fund the cash component of its $32bn acquisition of Baxalta, a pharmaceuticals company specialising in rare diseases. Syndication of the loan will begin swiftly, according to bankers familiar with the transaction.
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Infinitas, the educational publisher, will hold bank meetings on Thursday for a €435m senior secured debt package backing its acquisition by Compass Partners from Bridgepoint.
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Markit, the financial information services firm, has agreed to buy Loan/SERV technology assets from the Depository Trust & Clearing Corporation (DTCC) in a bid to expand its loan management services.
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B&B Hotels, France’s third largest budget hotels group, launched a covenant-lite senior term loan to early birds this week, backing its €800m buyout by PAI Partners from the Carlyle Group and Montefiore Investment.
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Webhelp, the French call centre operator, was one of three companies who held bank meetings on Tuesday for leveraged loans. The €640m of first lien debt finances Webhelp’s acquisition by KKR from Charterhouse Capital Partners.
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Central and Eastern European loans look set to start the year with a bang as a financing of around €2bn for Czech’s Energetický a průmyslový Holding (EPH) should close by the end of this week or early next, according to two bankers on the deal.
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