Edition:
United Kingdom

Prudence Ho

BCA Marketplace to test loan market sterling appetite

06 Sep 2019

LONDON, Sept 6 (LPC) - British car auctioneer BCA Marketplace has launched a sterling-denominated term loan as part of its buyout financing, testing market appetite for UK deals amid Brexit turmoil and a potential general election.

European leveraged loans face September rush

28 Aug 2019

LONDON, Aug 28 (LPC) - Billions of euros of leveraged loans will be competing for European investors’ attention in September, as arranging banks rush to derisk and reduce exposure before the looming October 31 Brexit deadline.

Leveraged markets face cash influx from repayments

14 Aug 2019

LONDON, Aug 14 (LPC) - Billions of euros of repayments from Italian mobile operator Wind Tre and data company Refinitiv are expected to support aggressive conditions in Europe's leveraged finance markets, as investors remain under pressure to redeploy capital despite rising political and late cycle macroeconomic risks.

EMEA syndicated loans tumble to 15-year low

28 Jun 2019

LONDON, June 28 (LPC) - Syndicated lending in Europe, the Middle East and Africa (EMEA) of US$367bn for the first six months of the year hit a 15-year low as borrowers continued to avoid tapping the loan market amid global economic uncertainty, LPC data shows.

Leveraged loan investors push private equity firms on ESG

25 Jun 2019

(This story changes wording in paragraph 17 to clarify allegation in June 25 story.)

European CLO spreads widen as Japanese pull back

17 Jun 2019

LONDON, June 17 (LPC) - Slowing investment by Japanese financial institutions has pushed pricing on the most senior tranches of European CLO funds to its widest point in nearly three years as investors such as Norinchukin Bank scale back multibillion-dollar investments.

Sector Alarm shareholders reap €250m dividend payout

06 Jun 2019

LONDON, June 6 (LPC) - Shareholders in Sector Alarm, the second largest alarm firm in Europe, have taken around €250m as a dividend payout as part of a wider €590m recapitalisation, banking sources said.

Masmovil issues Europe's first ESG-rated leveraged debt

28 May 2019

LONDON, May 28 (LPC) - Spanish telecom operator Masmovil Group has become the first European issuer of leveraged debt to incorporate environmental, social and governance rating, taking advantage of the increasing popularity of responsible investing.

REFILE-RPC set to launch jumbo buyout financing

18 Apr 2019

LONDON, April 18 (LPC) - British packaging company RPC Group is set to launch a jumbo leveraged loan financing to back its £3.34bn acquisition by US-based Berry Global Group Inc , banking sources said.

ION launches US$2.21bn-equivalent term loan

12 Apr 2019

LONDON, April 12 (LPC) - ION Group has launched a US$2.21bn-equivalent leveraged loan as the firm combines three software businesses - Openlink, TriplePoint and Wall Street Systems - into one new entity, banking sources said.

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