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Claire Ruckin

Thyssenkrupp unit sale raises €9.5bn financing test

15 Jan 2020

LONDON (LPC) - Bankers are trying to overcome challenges posed by a potential financing backing the sale of Thyssenkrupp's prized €15bn elevator division, which needs a massive €2.5bn of unfunded facilities in addition to up to €7bn of funded debt, banking sources said.

UPDATE 1-Evonik loan set for second sell down

10 Jan 2020

LONDON, Jan 10 (LPC) - Banks have launched a second syndication process for the excess loans backing the buyout of German chemicals group Evonik’s methacrylates plastics unit, Madrid, which totals just under €650m, banking sources said.

Evonik loan set for imminent second sell down

10 Jan 2020

LONDON, Jan 10 (LPC) - Banks are to relaunch a second syndication process for the excess loans backing the buyout of German chemicals group Evonik’s methacrylates plastics unit, Madrid, which is set to total around €750m, banking sources said.

Banks pile in on LGC's £1.3 billion buyout loan

08 Jan 2020

LONDON (LPC) - A £1.3bn leveraged loan financing backing the acquisition of UK forensic sciences group LGC by a private equity consortium led by European firms Cinven and Astorg has launched with a large group of arranging banks for a deal of this size, banking sources said.

CORRECTED-Banks pile in on LGC's £1.3bn buyout loan

08 Jan 2020

LONDON, Jan 8 (LPC) - A £1.3bn leveraged loan financing backing the acquisition of UK forensic sciences group LGC by a private equity consortium led by European firms Cinven and Astorg has launched with a large group of arranging banks for a deal of this size, banking sources said.

Around €14bn of European leveraged loans lined up for Q1

16 Dec 2019

LONDON, Dec 16 (LPC) - Around €14bn of leveraged loans are set to hit Europe’s loan market in the first quarter of 2020, promising a solid start to the year as the pipeline of new issuance builds.

Banks await nod on Armacell buyout financing

11 Dec 2019

LONDON, Dec 11 (LPC) - Banks are set to be appointed on a debt financing backing an acquisition of insulation foam maker Armacell that will total around €800m, banking sources said.

Banks struggle to sell loan backing Young’s Seafood buy

11 Dec 2019

LONDON, Dec 11 (LPC) - Banks are struggling to sell a £305m leveraged loan financing backing CapVest Partners’ acquisition of Young’s Seafood, banking sources said.

Banks prep €1.5bn loan for BASF unit

11 Dec 2019

LONDON, Dec 11 (LPC) - Banks are lining up around €1.5bn-equivlent of debt financing to back a sale of BASF’s construction chemicals business, after the German chemicals company entered into exclusive talks with Lonestar over the disposal of the unit.

Banks line up €2.5bn loan and bond to back Endemol buy

10 Dec 2019

LONDON, Dec 10 (LPC) - French entertainment production and distribution company Banijay Group is financing its acquisition of Endemol Shine with a €2.5bn debt financing, banking sources said.

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