LONDON, July 10 (LPC) - At least €10bn of leveraged buyout
financing is in the pipeline as European event-driven activity
builds, with sellers preparing to launch new sale processes or
dusting off deals that were put on hold when the Covid-19
pandemic hit the markets.
LONDON, July 2 (LPC) - A €10.3bn loan and bond financing
backing the buyout of ThyssenKrupp Elevator raised over €20bn in
investor orders, enabling arrangers to optimise the capital
structure, tighten pricing and stay within the flex to make full
fees, allaying any fears over selling such a large deal during
the Covid-19 pandemic.
LONDON (LPC) - US cruise line operator Carnival is looking to raise its first leveraged loan as it seeks alternative forms of liquidity to shore up its business, which has been sunk by the coronavirus pandemic.
LONDON, June 25 (LPC) - US cruise line operator Carnival is
looking to raise its first leveraged loan as it seeks
alternative forms of liquidity to shore up its business, which
has been sunk by the coronavirus pandemic.
LONDON, June 19 (LPC) - Lenders are breathing a sigh of
relief at Cineworld’s aborted takeover of Canada’s Cineplex as
US$2.277bn of loans are effectively cancelled, letting them off
the hook for losses that would have been booked had the deal
LONDON, June 19 (LPC) - Banks and borrowers are being forced
to get creative on debt financings, putting in place sub-optimal
structures in a bid to complete M&A transactions.
LONDON, June 12 (LPC) - Banks are preparing to launch a
highly-anticipated €10bn dual-currency loan and bond financing
to back a buyout of Thyssenkrupp’s elevators division,
pre-sounding investor appetite to optimise the structure and
play the markets off each other to achieve best execution.
LONDON, June 11 (LPC) - Over 30 banks have piled into a £4bn
loan to back a US$38bn merger of the British businesses of
Liberty Global and Telefonica after the borrowers tapped their
large banking relationships to secure the deal within a ten-day
LONDON, June 11 (LPC) - KKR's acquisition of a majority
stake in US-based cosmetics maker Coty’s hair and nail care
business is being backed with a US$1.3bn club loan, the largest
in Europe’s leveraged debt market since the financial crisis,
after banks were unwilling to underwrite a financing amid the
LONDON, June 4 (LPC) - Bankers are preparing debt financings
of around €2.2bn to back a potential sale of eBay’s
classified-ads business as a number of parties make it through
to the second round of bidding, banking sources said.