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Monday, 11 December 2017

Claire Ruckin' s stories

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  • Lenders still suffer despite LBO pickup

    Loans | 12 May 2017

    The prospect of a long-awaited string of new underwrites is unlikely to alleviate the pressure on lenders’ earnings from European leveraged loans as sponsors continue to drive down fees and pricing protection.

  • MOVES-Mehta joins Aberdeen to set up loan platform

    Ticker | 09 May 2017

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

  • Euro coins

    Buyouts fuel lev fin pipeline

    Top News | 05 May 2017

    Over €20bn of leveraged loans from 25 deals could hit Europe’s leveraged loan market in the coming months as the pipeline of buyouts gathers pace, offering bankers the lucrative underwriting they’ve been waiting for and investors the chance to put new money to work.

  • Investors draw the line

    Loans | 28 April 2017

    French food producer Labeyrie Fine Foods has reduced the size of its leveraged loan by €45m to €455m and increased pricing on the deal, making it the latest borrower to suffer from investor resistance in Europe’s loan market.

  • Stada Arzneimittel

    Investors cheer bumper Stada buyout

    Top News | 13 April 2017

    The €3bn debt package backing the buyout of German drugmaker Stada is the largest European leveraged financing so far this year and gives investors the new buyout deal they have been calling for amid a relentless round of repricing and refinancing.

  • RCF pricing stands firm

    Loans | 07 April 2017

    Undrawn loans in Europe’s leveraged market are pricing higher than term loans for the first time as bankers dig in their heels and refuse to succumb to the downward pricing pressure seen in the term loan market.

  • Leveraged loan pricing on the rise

    Loans | 07 April 2017

    Pricing in Europe’s leveraged loan market is rising after investor pushback on recent deals that were deemed too tightly priced.

  • US dollar bills

    Cinven spurns banks on Chryso LBO

    Top News | 31 March 2017

    Private equity firm Cinven has underwritten and is self-arranging a €320m leveraged loan backing the buyout of French chemicals group Chryso, as the disintermediation of banks in Europe’s syndicated loan market notches up a gear.

  • Springer seals repricing, drops extension

    Loans | 31 March 2017

    German publisher Springer Nature has closed a repricing at the tight end of price talk and increased the size of a euro tranche by €125m to repay a portion of its dollar term loan, at the same time dropping an extension request.

  • L’Oreal targets direct lenders to fund Body Shop sale

    Loans | 24 March 2017

    L’Oreal is targeting direct lenders to provide up to €650m of leveraged loans to back a potential sale of British retailer The Body Shop, in a bid to provide certainty of debt funding and encourage possible buyers to submit an offer for the business.