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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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Chinese car manufacturer Great Wall Motors has increased the size of its loan to $700m-equivalent.
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Virgin Media has launched the financing for its £30bn merger with Telefonica’s O2 into the market, aiming to clear the full debt requirement for the blockbuster deal in a single hit. Announced on Monday were benchmark nine year term loan 'Bs' in dollars and euros, but the package also included a term loan 'A' and bonds, typically launched later to reflect their shorter execution time.
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Icelandair, the flag carrier airline of Iceland, has gained the final major approval it needs for a government-backed loan, setting up the company for an imminent share sale and loan funding totalling about $247m-equivalent.
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CNCB (Hong Kong) Investment, a subsidiary of China Citic Group, is planning to repay a $800m loan raised in 2018 after struggling to get consent from lenders for covenant waivers.
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Chinese real estate company Kaisa Group Holdings has launched a HK$4.015bn ($518m) loan to support the construction of a residential building in Hong Kong.
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Alcentra, the European subsidiary of BNY Mellon Investment Management, has appointed a new CEO. David Forbes-Nixon will step down to focus on his investment responsibilities.
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