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Sleeping SLLs clause enters template as compressed margins make borrowers reluctant to deal with verification costs
First Abu Dhabi joins the syndicate for the short term loan all but equalling the size of a previous revolving facility
Absa, FirstRand and Standard Bank were MLAs in first deal after private equity exit
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The date that the UK regulator has set to stop new Libor lending is just over six weeks away but market participants once again sounded the warning bells this week over the readiness of lenders to leave the old benchmark behind. -
Kirshlen Moodley, formerly a member of JP Morgan's UK M&A team, has joined BNP Paribas.
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Stark Group’s strong performance amid the pandemic is a crucial selling point for investors looking at buying the €1.35bn loan to fund its purchase by CVC, which agreed to buy the firm from Lone Star in January. The group has added an ESG ratchet to the facility, an increasingly common structure this year, with a margin stepdown if it cuts greenhouse gas emissions.
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Pension Insurance Corp (PIC) has given Livin Housing a further £30m of private placement funding, after lending the housing association in England’s County Durham £65m in April 2019. Market participants have told GlobalCapital that several other housing associations are readying private placement deals for the next few months.
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Castellum, a Nordic real estate company, has failed in its bid for Norwegian rival Entra, leading to the cancellation of $3.5bn-equivalent of bridge financing.
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Aedifica, the Belgian healthcare property investment company, has closed its debut US private placement, according to market sources.
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