LONDON (LPC) - UK software company Micro Focus International has relaunched an US$835m-equivalent dual-currency term loan to refinance debt, having been forced to postpone the transaction in March due to adverse market conditions.
LONDON, May 26 (LPC) - UK software company Micro Focus
International has relaunched an US$835m-equivalent dual-currency
term loan to refinance debt, having been forced to postpone the
transaction in March due to adverse market conditions.
LONDON, May 22 (LPC) - French mortgage broker Financiere
CEP's €775m buyout loan has been launched into syndication, with
the European leveraged loan market making the first steps since
March to reopen for acquisition-related deals.
LONDON, May 7 (LPC) - JP Morgan and Citigroup have
underwritten a £4bn unfunded credit facility to back the US$38bn
merger of the British businesses of Liberty Global and
Telefonica, creating an innovative financing plan designed to
overcome the challenges that come with bringing such a large
deal to market during the Covid-19 pandemic.
LONDON, May 7 (LPC) - Bankers are looking at arranging debt
financings of up to €1bn to back a sale of US cloud networking
company GTT’s infrastructure division as a window of opportunity
for a handful of M&A situations emerges.
LONDON, April 30 (LPC) - Several borrowers in Europe’s
leveraged loan market are asking banks for covenant holidays to
prevent creditors from calling in the debt or seizing control of
the assets, and lenders are working out what to ask for in
LONDON, April 24 (LPC) - Banks that underwrote large
European leveraged loans prior to the market closing last month
have rebuffed offers from direct lenders to buy portions of the
financings and alleviate bank risk, preferring to hold the paper
as the private money is too expensive.
LONDON, April 23 (LPC) - French aviation, space and defence
technology firm Safran has raised a €3bn term loan from 12 banks
in the wake of the coronavirus pandemic.
LONDON, April 22 (LPC) - Europe’s secondary loan market has
seen prices rebound from an eleven-year low after hedge funds
and par buyers profited from an oversell, while some
opportunistic portfolio sales also hit the screens.
LONDON, April 17 (LPC) - Leveraged borrowers are having to
consider highly bespoke, shorter-dated, more expensive privately
placed deals to fulfil their short-term liquidity needs from the
likes of direct lenders, hedge funds and even sponsors, as banks
put a stop to underwriting due to the Covid-19 pandemic.