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The Prague-based defence and technology firm attracted 18 institutions into a deal which compressed margins by 150bp
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
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Serco has sold $200m of US private placements, according to market sources. The deal shows there is still muted support for UK support services, given the right credit and offer, after the sector fell out of favour with PP investors a few years ago. -
Karri Vuori has joined UK mid-market M&A firm Cavendish Corporate Finance as a partner.
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Ghana Cocoa Board (Cocobod), the central organisation of Ghana’s cocoa industry, has raised its annual syndicated loan. But the borrower did not have an easy ride and had to concede much higher margins, according to bankers.
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Lippo Malls Indonesia Retail Trust is in discussions with banks for a S$120m ($87m) loan that will support its acquisition of shopping malls in Indonesia.
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Three Asian lenders in the Schuldschein market have said they are struggling to lend into specific sectors that have fallen into difficulty during the coronavirus pandemic.
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Technical changes to the UK government’s large business support scheme open the way for private equity-owned firms to draw on the facility, but limits on dividends and new indebtedness may still discourage sponsors from using the scheme.
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