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Friday, 19 January 2018

Claire Ruckin' s stories

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  • VWR's US$7.75bn loan on hold for post-summer sale

    Loans | 04 August 2017

    Banks have decided to wait until September to syndicate a jumbo US$7.75bn-equivalent buyout financing backing US life sciences company Avantor’s take-private of lab supplies company VWR Corp.

  • An employee holds the largest D colour internally flawless diamond for auction offered by Sotheby's

    Thom Europe loses its sparkle

    Top News | 28 July 2017

    French jewellery retailer Thom Europe became the latest casualty of investor pushback in the European leveraged loan market last week when it was forced to make a series of changes, including scrapping a €140m dividend, to help its refinancing clear a congested market.

  • Top of the market to you?!

    Loans | 28 July 2017

    Lenders are calling the top of the market after an intense assault on pricing, terms and conditions in Europe’s leveraged loan market in the past 12 months has forced them to accept the most aggressive terms seen since the financial crisis.

  • US$7.75bn debt for Avantor's VWR buy prepped

    Loans | 28 July 2017

    Banks are gearing up to launch syndication of a jumbo US$7.75bn-equivalent debt financing backing US life sciences company Avantor’s take-private of lab supplies company VWR Corp and are sounding out a select group of European loan investors.

  • Private equity firms call the shots with portable loans

    Loans | 21 July 2017

    Four “portable” leveraged loans have hit the European leveraged loan market in recent weeks as private equity firms put pressure on banks to allow loans to stay in place when companies are sold, reducing the need for new financings.

  • Euro and US dollar notes

    Banks prep jumbo financing for VWR buy

    Top News | 21 July 2017

    Banks are gearing up to launch a jumbo US$7.75bn-equivalent debt financing backing US life sciences company Avantor’s take-private of lab supplies company VWR Corp. Avantor, which is owned by New Mountain Capital, said that it would buy VWR Corp for about US$4.38bn on May 5.

  • MOVES-BBVA hires Ewing for head of sales role

    Ticker | 19 July 2017

    BBVA has appointed a new head of EMEA and Asia loan sales with the hire of Simon Ewing.

  • Banks prep US$7.75bn debt for Avantor's VWR buy

    Ticker | 18 July 2017

    Banks are gearing up to launch a jumbo US$7.75bn-equivalent debt financing backing US life sciences company Avantor’s take-private of lab supplies company VWR Corp, banking sources said.

  • Stada Arzneimittel

    Stada banks consider €3bn debt launch

    Top News | 14 July 2017

    Banks are considering launching syndication of a jumbo €3bn buyout financing for Stada even before knowing the outcome of the takeover offer, after the German generic drugmaker backed a revised bid last week from buyout groups Bain Capital and Cinven.

  • Secondary market on the up

    Loans | 14 July 2017

    Average bids in Europe’s secondary loan market closed the second quarter at 100.69 on June 30, 41bp higher than the 100.28 on March 31 at the end of the first quarter, as investors’ demand for paper continued to outweigh supply.