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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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Fives, the French industrial equipment group, has signed a €200m loan backed by the state, as government-backed facilities continue to prove essential to tackling the economic fallout from the coronavirus pandemic. -
Samson Paper Co has breached two covenants on a HK$780m ($100m) loan from 2017, with lenders still waiting for more information from the company.
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The Covid-19 pandemic is forcing many governments to expand their borrowing programmes. The table below details the impact of the outbreak on the funding requirements of major sovereign bond issuers.
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The US Alternative Reference Rates Committee (ARRC) has updated its reference rate language for the move away from dollar Libor, with the group now recommending loans that mature after the transition have an automatic replacement reference rate that does not need special consent to be imposed. But some legal experts warn that there are still major issues with adopting this approach.
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Andreas Petrie, who is thought of as being a key figure in cultivating the Schuldschein market into an established corporate alternative to bonds in Europe, is to retire at the end of the year.
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CPF Investments, a unit of Thai firm Charoen Pokphand Foods, has returned to the loan market for a refinancing of up to $1bn.
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