Edition:
United Kingdom

Prudence Ho

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.

PAI-led consortium secures debt for Wessanen buy

10 Apr 2019

LONDON, April 10 (LPC) - Bankers have lined up €445m of debt financing to back an acquisition of sustainable food provider Koninklijke Wessanen by a PAI Partners-led consortium.

UPDATE 1-EMEA syndicated loans plummet in uncertain first quarter

28 Mar 2019

LONDON, March 28 (LPC) - Syndicated lending in Europe, the Middle East and Africa (EMEA) of US$125bn in the first three months of 2019 is the lowest quarterly volume in nearly a decade, as political and economic worries continue to curb borrowers' appetite, LPC data shows.

EMEA syndicated loans plummet in uncertain first quarter

28 Mar 2019

LONDON, March 28 (LPC) - Syndicated lending in Europe, the Middle East and Africa (EMEA) of US$125bn in the first three months of 2019 is the lowest quarterly volume in nearly a decade, as political and economic worries continue to curb borrowers' appetite, LPC data shows.

Banks set to launch APRIL buyout loan

28 Mar 2019

LONDON, March 28 (LPC) - Four banks are preparing to sell down a leveraged loan financing backing Private equity firm CVC Capital Partners' acquisition of French peer Evolem’s majority stake in Paris-listed insurer APRIL, banking sources said on Thursday.

Power Solutions’ US$5.45bn loans expected to fly amid thin supply

07 Mar 2019

NEW YORK, March 7 (LPC) - A limited supply of US leveraged loans looks likely to ensure a strong reception for a US$5.45bn loan which is part of a US$10bn financing package backing the buyout of Johnson Control’s auto battery unit, Power Solutions, despite more than US$15bn of outflows from loan funds in recent months.

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