Thursday, 14 December 2017

Claire Ruckin' s stories

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  • Logo of Spanish telecoms company Ufinet

    Sponsors force aggressive terms on leveraged loans

    Loans | 11 November 2016

    European leveraged loans are becoming increasingly aggressive as sponsors push for looser bond-style documentation on deals, unwelcome but accepted by cash-rich investors desperate to keep money at play amid diminishing supply.

  • Macquarie Group logo

    Fund financing booming

    Loans | 04 November 2016

    Fund financing is increasing lending to financial institutions in Europe, the Middle East and Africa as corporate-style loans for institutional investors, including private equity funds, grow in size and scale and more banks target the sector, which offers attractive yields for relatively low risk.

  • Xella logo

    Leveraged buyout loan pipeline hits €13.5bn

    Loans | 28 October 2016

    Bankers are lining up around €13.5bn of leveraged loans to back sponsors on several auction processes, which – should they materialise – will provide great relief to a market desperate for event-driven issues.

  • US dollar and euro banknotes

    Cut-price euros on leveraged finance

    Top News | 21 October 2016

    Cross-border leveraged loans that comprise euro-denominated facilities and US dollar-denominated facilities are seeing the euro tranches priced cheaper than the dollar pieces, as borrowers take advantage of the abundant liquidity on offer in the European market.

  • Euro Garages logo

    Euro Garages wins lender consent despite pushback

    Loans | 21 October 2016

    UK petrol station forecourt operator Euro Garages has won consent to raise an €876m-equivalent loan backing its merger with European Forecourt Retail despite pushback from existing lenders.

  • Euro bills

    Euro loans get much-needed lift

    Top News | 07 October 2016

    Two sizeable deals totalling nearly €2bn have bolstered a European leveraged loan market that has been reeling from a drop in lending volume so far this year.

  • EMEA Leveraged Loan: Verallia’s €1.537bn senior facilities

    All Special Reports | 18 December 2015

    The €1.537bn loan backing Apollo Global Management’s acquisition of Saint-Gobain’s glass bottle unit Verallia is the largest new money covenant-lite term loan raised in Europe’s leveraged loan market for a debut issuer.

  • Securitas Direct Verisure logo

    ​Banks line up €3bn financing for Securitas Direct

    Loans | 09 October 2015

    The leveraged financing backing Hellman & Friedman’s acquisition of a stake in Sweden’s Securitas Direct Verisure that it did not already own is the largest European leveraged deal to test the market since global volatility hit in the summer.

  • SMBCE bags role on Park Resorts as it steps up lev lending

    Loans | 09 October 2015

    SMBCE has joined a £530m loan financing for British caravan holiday parks operator Park Resorts as it steps up its presence in Europe following its acquisition of GE’s European Sponsor Finance business earlier this year.

  • The Standard & Poor's building in New York

    HY woes could spur more loans - S&P

    Loans | 09 October 2015

    Difficult conditions in Europe’s high-yield bond market could spur more leveraged loan issuance, according to a report published by Standard & Poor’s.