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Wednesday, 13 December 2017

Claire Ruckin' s stories

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  • 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.

  • European Central Bank (ECB) headquarters

    ECB publishes final lending guidelines

    Top News | 19 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.

  • Verallia cuts pricing for a third time

    Loans | 19 May 2017

    French glass bottle maker Verallia is repricing its €1.375bn debt for a third time, taking advantage of strong liquidity and favourable conditions in Europe’s leveraged loan market.

  • Mehta joins Aberdeen to set up loan platform

    People & Markets | 12 May 2017

    Paul Mehta is to join Aberdeen Asset Management to head up and build its new loan platform.