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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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Nomura has cut jobs in its investment banking business in Europe over the summer, following losses in leveraged finance, as its new chief executive eyes up other regions for growth, writes David Rothnie. -
Aveva, the UK software company, is buying US industrial software firm OSIsoft for an enterprise value of $5bn, with billions of dollars in bridge financing in place as the acquisitive company prepares a chunky equity raise.
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The Monks Investment Trust, the UK listed investment trust managed by Baillie Gifford, has sold £100m of US private placements.
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Credit Suisse has named Carsten Stoehr as the head of its newly-created Asia Pacific strategic products (ASP) team, adding another job to a veteran banker who already runs Greater China.
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In the eternal contest between the high yield bond and leveraged loan markets, high yield has won the upper hand during the Covid-19 pandemic, and market participants expect that advantage to remain in the coming months.
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TeamViewer, the German remote connectivity software company, has amended bank facilities totalling €630m-equivalent, cutting 25bp-50bp off its margins after a spate of successes since its IPO last year.
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