Tuesday, 24 October 2017

Claire Ruckin' s stories

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  • Stada Arzneimittel

    Banks cross fingers for Stada revival

    Top News | 30 June 2017

    Bain and Cinven have yet to ask the underwriting banks to stand down on a €3.175bn jumbo buyout financing for Stada as they gear up to make a new offer for the German drugmaker.

  • Kloeckner returns to market with cross-border deal

    Loans | 16 June 2017

    Shareholders to German packaging company Kloeckner Pentaplast are set for a €426m dividend payout as part of a €2bn cross-border loan and bond deal that will also refinance existing debt and back its merger with UK peer Linpac.

  • Game of loans

    Buyout deals swamp loan investors

    Top News | 16 June 2017

    Four highly anticipated leveraged buyout deals hit Europe’s leveraged loan market last week, much to the relief of investors who have grown weary of a raft of refinancing and repricing transactions, but questions have been raised about whether the market can process all of the new deals at the same time.

  • Sponsors shun banks by pre-placing second liens

    Loans | 09 June 2017

    Private equity firms are increasingly shunning banks to pre-place second-lien loans directly with cash-rich funds, which is reducing banks’ returns as they lose out on the most profitable part of an underwriting fee.

  • A Noble Group sign is pictured at a meet-the-investors event in Singapore.

    Banks cut exposure to Noble

    Loans | 09 June 2017

    Banks have sold about US$300m of a US$1.1bn revolving credit loan for Noble Group to funds, in a bid to limit their losses as the company appears to be gearing up for a contentious restructuring, banking sources said.

  • Oberthur Technologies

    Sponsors intensify assault on loan investors

    Top News | 02 June 2017

    European leveraged loan borrowers are imposing tougher restrictions on which investors can hold debt in portfolio companies in a bid to strengthen their control over assets.

  • Lenders lament pricing slump

    Loans | 26 May 2017

    Recently repriced loans for French glass bottle maker Verallia and Swedish home alarms company Verisure have surprised Europe’s leveraged loan bankers after trading above par in the secondary market.

  • Banks consider highly leveraged loans before ECB rules begin

    Loans | 26 May 2017

    A number of European banks are taking advantage of a window of opportunity to act on highly leveraged deals before the leveraged lending guidelines published by the ECB come into force in six months’ time.

  • Nord Anglia sounds out investors on LBO financing

    Ticker | 23 May 2017

    Investors are being consulted on a US$2.2bn-equivalent debt financing backing the acquisition of publicly listed Hong Kong-based international schools operator Nord Anglia Education NORD.N, banking sources said.

  • ECB publishes final lending guidelines

    Ticker | 22 May 2017

    The ECB has published its final guidelines to rein in risky lending practices among banks, mirroring rules already introduced in the US in 2013.