Claire Ruckin
Contact Info
- E-mail: claire.ruckin@thomsonreuters.com
Recent stories
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Firms shun European leveraged loans for US/HY financing
The European leveraged loan market has suffered from diminishing deal flow as financings opt to go to the US or high-yield bond markets, calling into question the significance and relevance of European syndicate desks and their ability to withstand the loss of business.
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PE firms look to America
Sponsors of European companies are opting to tap the US leveraged loan market to raise financing, lured by the greater liquidity, covenant-lite structures and higher leverage that European counterparts cannot offer.
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Prices peak amid positive market conditions
Europe’s secondary loan market rose last week to a post-crisis high as other credit and equity markets soared and technical conditions continued to be positive. Europe’s top 40 leveraged loans rose 11bp to 99.74 on Friday from 99.63 a week previously, reaching a post-crisis peak. The last time secondary prices were this high was in July 2007, shortly before the collapse of Lehman Brothers.
- Acromas refi nears closure
- First-quarter volume climbs 20%
- Bankers left red-faced by shock buyouts
- CLOs boost for European loans
- Prices rise as activity picks up slightly
- Dividend recaps back on European agenda
- Prices flat as market quieter over Easter break
