Edition:
United Kingdom

Prudence Ho

Rating agencies boost ESG risk analysis

18 Nov 2019

LONDON, Nov 18 (LPC) - Credit rating agencies are increasing their efforts to identify environmental, social and governance risks for leveraged companies as investor interest in sustainable investments surges amid competition from independent ESG ratings firms.

CLO managers under pressure to ramp up efforts on ESG investing

01 Nov 2019

LONDON, Nov 1 (LPC) - A number of investors in CLOs are holding talks with CLO managers over how environmental, social and governance issues factor into their leveraged loan portfolio decisions.

Kantar wraps up financing after sweeping changes

25 Oct 2019

LONDON, Oct 25 (LPC) - Data provider Kantar has allocated a €3.08bn-equivalent leveraged financing backing its buyout by Bain Capital, but only after making wholesale changes after push back from investors on what they saw as an aggressive structure.

Transfer restrictions concern loan investors

25 Oct 2019

LONDON, Oct 25 (LPC) - European leveraged loan borrowers have attempted to place tougher transfer restrictions on how much investors can trade in portfolio companies, in a bid to curb liquidity.

Adjusted Ebitda causes woe for lenders

14 Oct 2019

LONDON, Oct 14 (LPC) - Lenders are concerned that adjustments to earnings on buyout deals are becoming too aggressive as borrowers get more creative in masking larger debt piles behind lower leveraged levels.

ESG restrictions see limited impact on CLO credit

08 Oct 2019

LONDON, Oct 8 (LPC) - An increasing number of CLOs are adopting environmental, social and governance investment criteria, but the exposure of leveraged loans to industries affected by ESG rules is limited, representing an average of just 3% of European CLO collateral, according to a Moody’s report.

UPDATE 1-EMEA syndicated lending drops 25% y-o-y

01 Oct 2019

LONDON, Sept 30 (LPC) - Syndicated lending in Europe, the Middle East and Africa in the first three quarters of 2019 was down 25% compared with the same period last year, reaching US$594.7bn, the lowest nine-month total since 2012, according to LPC data.

EMEA syndicated lending drops 25% y-o-y

30 Sep 2019

LONDON, Sept 30 (LPC) - Syndicated lending in Europe, the Middle East and Africa in the first three quarters of 2019 was down 25% compared with the same period last year, reaching US$594.7bn, the lowest nine-month total since 2012, according to LPC data.

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.

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