Prudence Ho

Leveraged markets face cash influx from repayments

14 Aug 2019

LONDON, Aug 14 (LPC) - Billions of euros of repayments from Italian mobile operator Wind Tre and data company Refinitiv are expected to support aggressive conditions in Europe's leveraged finance markets, as investors remain under pressure to redeploy capital despite rising political and late cycle macroeconomic risks.

EMEA syndicated loans tumble to 15-year low

28 Jun 2019

LONDON, June 28 (LPC) - Syndicated lending in Europe, the Middle East and Africa (EMEA) of US$367bn for the first six months of the year hit a 15-year low as borrowers continued to avoid tapping the loan market amid global economic uncertainty, LPC data shows.

Leveraged loan investors push private equity firms on ESG

25 Jun 2019

(This story changes wording in paragraph 17 to clarify allegation in June 25 story.)

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.

World News

Afghan wedding suicide blast kills 63, amid hopes for talks

A suicide bomber killed 63 people and wounded 182 in an attack on a packed wedding reception in the Afghan capital on Saturday night, the interior ministry said, as violence shows no sign of easing despite hopes for a deal on a U.S. troop withdrawal.