Friday, 20 October 2017

Claire Ruckin' s stories

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  • Banks step up presence in TLBs

    Loans | 18 November 2016

    A growing number of banks are increasing their presence in Europe’s leveraged loan market, competing with institutional investors for term loan B paper in a hunt for yield.

  • Premier Oil logo

    Premier Oil struggles to manage banks

    Top News | 11 November 2016

    Premier Oil is trying to keep its bank syndicate in place as its lenders consider exiting the troubled independent oil company.

  • 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.