Sunday, 15 July 2018

Claire Ruckin' s stories

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  • Bond dropped for RAC

    Top News | 22 July 2011

    Private equity firm Carlyle will not be able to raise a high-yield bond for its buyout of UK roadside rescue business RAC as investors seek better terms in worsening credit market conditions, people close to the deal said.  

  • Enterprise mulls restructuring after debt sale

    Loans | 23 July 2011

    British maintenance and support services firm Enterprise, owned by private equity group 3i, is exploring a full-scale restructuring after the sale of its £725m debt pile, bankers said. 

  • Market unresponsive as eurozone mood lifts

    Loans | 23 July 2011

    Secondary loan prices continued to fall in Europe last week, with little impetus to trade as traders focused on economic and political news rather than credit fundamentals. Credit markets rallied on Thursday, however, after the eurozone summit brought some long-awaited progress in the sovereign debt crisis, but the loan market’s slow response was true to form.

  • LBO loans sweeten terms

    Loans | 23 July 2011

    The leveraged loan market is continuing to shift into institutional investors’ favour as sponsors and banks seek to wrestle deals over the line before August, amid recent macro-economic turbulence.

  • No buyers for European loan assets

    Top News | 30 July 2011


  • Loans fall below 95 mark as desks cut risk

    Loans | 30 July 2011

    Europe’s secondary loan prices fell below the 95 mark last week as trading desks tried to de-risk and batten down the hatches before the holiday period while the impasse over raising the US debt ceiling and fears over the eurozone sovereign debt crisis continued to play out.

  • Numericable extends commitment deadline

    Loans | 30 July 2011

    French cable operator Numericable has extended the commitment deadline to an amend and extend on its €3bn of debt as the company continues to negotiate with a number of investors, bankers said. The deadline has been extended by a week to August 2 after gaining little investor support by the original deadline of July 26, the bankers said.

  • Numericable changes terms on amend and extend

    Loans | 06 August 2011

    French cable operator Numericable has changed the terms of an amend and extend on its €3bn of debt as the company seeks to get investors over the line, sources close to the deal said.

  • An ill Wind

    Loans | 06 August 2011

    Institutional investors are pushing back against a request by Wind Telecomunicazioni to raise an €800m bridge loan, given the lengthy settlement on their positions following last year’s refinancing, market sources said.

  • RAC investors offered ‘most favoured nation’ status

    Loans | 06 August 2011

    Arrangers of the £620m loan backing Carlyle’s buyout of UK roadside rescue business RAC have offered investors in the deal “most favoured nation” (MFN) status until mid-October, to protect them against a drop in the secondary market price, sources said.

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