Top section
Top section
Deal refinances €1.5bn transaction from 2022 while providing new money and is sustainability-linked
Volumes and deals similar to last year, when the market grew by 13% year-on-year to an annual record
The German toy production company doubled the size of its RCF but maintained its banking consortium
More articles
More articles
More articles
-
With emerging markets loan volumes half of what they were by this time last year, syndicate staff are facing job cuts and increased pressure to find ways to compete for what scraps of business there are. The battlegrounds will be pricing and covenants. -
Indonesian power company PLN is set to launch a $1bn loan into syndication this week, after hiring a group of 10 banks to run the deal.
-
The UK’s Green Finance Institute was launched on Tuesday, with the dual aims of finding solutions to sustainable financing problems and making London the leading global centre for green finance.
-
ANZ has restarted its loan syndications business in Europe, hiring two senior bankers in London.
-
Finnish stainless steel producer Outokumpu has signed a €400m sustainability-linked term loan, used mostly for refinancing its short term debt, and featuring margin cuts if the company hits targets linked to workplace accidents and carbon emissions. It's a step forward in a leveraged finance market that has so far taken only tentative steps towards sustainability.
-
European leveraged finance revenue for the first half of the year is down more than 50%, according to figures from Dealogic released on Monday — and is increasingly going to a small handful of banks, in particular JP Morgan.
Sub-sections
