LONDON, July 2 (LPC) - Direct lenders are turning on their
firepower to provide financing for European companies, taking
advantage of market jitters caused by Covid-19 in the leveraged
LONDON, July 1 (LPC) - Syndicated lending in Europe, the
Middle East and Africa of US$471bn for the first six months of
the year was just 4% down on the previous year as corporates
worked quickly to raise billions of dollars of short-term
liquidity and weather the immediate Covid-19 storm, Refinitiv
LPC data shows.
LONDON (LPC) - Investors are concerned that adjustments to earnings made during the Covid-19 pandemic are becoming too aggressive as borrowers keep earnings artificially high to avoid covenant defaults and delay the onset of restructurings.
LONDON, June 16 (LPC) - Carlyle-backed plastic packaging
firm Logoplaste has amended a €570m leveraged loan financing,
becoming the first environmental, social and governance-linked
loan to test Europe’s institutional investor base.
LONDON, June 5 (LPC) - Leveraged loan investors are locking
borrowers into expensive loans for a longer period of time,
adopting more restrictive measures from the bond market to try
and get comfortable lending again as the market reopens for
LONDON (LPC) - A number of European direct lenders are opportunistically raising billions in high return funds to deploy to borrowers in much need of liquidity, taking advantage of the volatility caused by Covid-19.
LONDON, May 15 (LPC) - Banks are pitching refinancings to a
large number of leveraged loan borrowers hoping to take
advantage of a limited window before second quarter trading
results emerge, rendering some deals at that point too expensive
or unviable due to the negative impacts of Covid-19.
LONDON, May 7 (LPC) - Europe’s leveraged loan market
reopened for business last week for the first time since March
as European lab operator Synlab and US data analytics firm
Nielsen launched deals to reshuffle their capital structures and
replace bonds with loans, but are paying up to do so.
LONDON, May 1 (LPC) - Banks are responding to regulators’
calls for them to ramp up lending to hard-hit European
middle-market businesses struggling with the downturn caused by
the Covid-19 outbreak.
LONDON, April 24 (LPC) - Exceptionally aggressive
documentation gained by sponsors on portfolio companies over the
past few years is finally set to be put to the test as borrowers
seek to bolster liquidity in the wake of the Covid-19 pandemic.