LONDON, Nov 8 (LPC) - Bankers are reconsidering the selldown
strategy of a £2.517bn financing backing a £4bn buyout of UK
defence and aerospace group Cobham after the British government
further delayed the acquisition.
LONDON, Nov 8 (LPC) - Banks are approaching private equity
firms on possible financings backing a potential US$80bn sale of
Walgreens Boots Alliance to private equity firms that would be
the largest buyout ever. But with US$50bn of debt and around
US$30bn of equity required, bankers are questioning whether a
deal is even possible.
LONDON, Nov 7 (LPC) - Swiss luxury watchmaker Breitling has
raised a €269m leveraged loan, to repay €100m of more expensive
swiss franc-denominated debt, repay borrowings under a revolving
credit facility and facilitate an approximate €130m dividend to
shareholder CVC, banking sources said.
LONDON, Nov 4 (LPC) - A €416m-equivalent loan and bond
portfolio from Park Square has hit the secondary market and is
set to stir a lot of attention as the largest auction of this
type to take place since the financial crisis, banking sources
LONDON, Oct 15 (LPC) - Investors are criticising
documentation on a £2.193bn-equivalent loan backing the buyout
of UK theme park and attraction operator Merlin Entertainments
for including some of the most aggressive terms seen in the
market to date.
LONDON, Oct 14 (LPC) - Pricing in Europe’s leveraged loan
market is set to grind tighter in the last quarter of 2019 as
bankers opportunistically pitch repricings to borrowers in a bid
to keep busy towards year-end and the pipeline of new deals
LONDON, Oct 14 (LPC) - European higher education platform
Galileo Global Education has launched a €700m loan that will
fund a small acquisition, refinance existing debt and pay a €70m
dividend to shareholders, banking sources said.
LONDON, Oct 8 (LPC) - Two leveraged loans have priced over
par in an unusual move for the European market, as strong
appetite for paper and low deal flow demands investors pay up to
lend on hotly contested deals.
LONDON, Oct 3 (LPC) - Irish software firm ION Corporates
finalised the terms of a dual-currency, US$1.75bn-equivalent
term loan financing via Credit Suisse, bringing an end to a saga
that saw the original deal brought via house bank UBS pulled in
May having met opposition from loan investors.
LONDON, Oct 3 (LPC) - EQT is set to take a €180m dividend
from its Swedish enterprise software firm IFS as part of a wider
€250m add-on term loan that will also repay drawings under a
revolver credit facility and fund a merger and acquisition,
banking sources said.