LONDON, June 12 (LPC) - A €1.785bn leveraged loan backing
private equity firm Advent’s acquisition of German chemicals
group Evonik’s methacrylates plastics unit, Madrid is yet to
fully clear despite steep discounts offered on the deal last
week, banking sources said.
LONDON, June 6 (LPC) - Bankers are working on debt
financings in excess of €1bn to back a potential sale of Irish
building materials group CRH’s European distribution arm as
bidders prepare second round bids, banking sources said.
LONDON, June 6 (LPC) - Underwriting banks have taken a hit
on two European leveraged buyout loans as investors take an
unforgiving approach to more challenging credits.
LONDON, June 6 (LPC) - Banks have sold a €300m term loan
backing Platinum Equity’s acquisition of a majority stake in
Spain’s frozen fish producer Iberconsa at a huge discount,
implying losses for the underwriters, banking sources said.
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.
LONDON, June 5 (LPC) - A €1.785bn leverage loan backing
private equity firm Advent’s €3bn acquisition of German
chemicals group Evonik’s methacrylates plastics unit, Madrid has
been offered at a steep discount implying a potential loss for
underwriting banks, banking sources said.
LONDON, June 5 (LPC) - CVC has secured portability on French
private hospitals operator Elsan’s €1.6bn debt that will enable
it to remain in place in the event of a sale within the next two
years, banking sources said.
LONDON, June 4 (LPC) - UK cinema chain Vue International has
opted for euro term loans as part of a revamped £878m-equivalent
refinancing, shunning the sterling market following investor
LONDON, May 22 (LPC) - Leveraged loan borrowers are shying
away from sterling in the run up to Brexit, instead opting to
raise euros or dollars with swaps in place, restricting further
an already illiquid market.
LONDON, May 16 (LPC) - Banks are lining up a jumbo leveraged
loan financing of around SFr5bn-equivalent (US$4.955bn) to back
a SFr10.2bn sale of Nestle’s Skin Health business to a
consortium led by EQT Partners and Abu Dhabi's ADIA, banking
sources said on Thursday.