Saturday, 21 July 2018

Isabell Witt' s stories

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  • Bond dropped for RAC

    Top News | 22 July 2011

    Private equity firm Carlyle will not be able to raise a high-yield bond for its buyout of UK roadside rescue business RAC as investors seek better terms in worsening credit market conditions, people close to the deal said.  

  • Enterprise mulls restructuring after debt sale

    Loans | 23 July 2011

    British maintenance and support services firm Enterprise, owned by private equity group 3i, is exploring a full-scale restructuring after the sale of its £725m debt pile, bankers said. 

  • Jack Wolfskin joins LBO flex trend

    Loans | 30 July 2011

    Pricing on another European leveraged loan – Jack Wolfskin – was increased last week after investors pushed back on the initial terms offered amid continuing concerns surrounding sovereign debt.

  • Numericable changes terms on amend and extend

    Loans | 06 August 2011

    French cable operator Numericable has changed the terms of an amend and extend on its €3bn of debt as the company seeks to get investors over the line, sources close to the deal said.

  • An ill Wind

    Loans | 06 August 2011

    Institutional investors are pushing back against a request by Wind Telecomunicazioni to raise an €800m bridge loan, given the lengthy settlement on their positions following last year’s refinancing, market sources said.

  • RAC investors offered ‘most favoured nation’ status

    Loans | 06 August 2011

    Arrangers of the £620m loan backing Carlyle’s buyout of UK roadside rescue business RAC have offered investors in the deal “most favoured nation” (MFN) status until mid-October, to protect them against a drop in the secondary market price, sources said.

  • EMEA syndicated M&A loan volume

    M&A loan flurry masks uncertainty

    Loans | 06 August 2011

    In light of last week’s global equity sell-off, spiking bond yields and dropping secondary loan market prices, the recent uptick in M&A related financings in both the European investment grade and leveraged loan markets looks set to be short-lived.

  • Spie tightens loan docs in favour of lenders

    Loans | 12 August 2011

    Documentation on the €1.34bn loan backing the buyout of French electrical and mechanical engineering group Spie by a consortium of private equity firms has been amended, in the latest sign that investors are having greater control over aggressive terms proposed by sponsors.

  • Banks explore new solutions

    Loans | 20 August 2011

    The deteriorating macroeconomic situation and dysfunctional markets are forcing banks to come up with more creative and potentially financially painful solutions for €10bn of bond bridges and leveraged loans they have underwritten for buyouts in the past month.

  • Polkomtel bucks the trend

    Loans | 02 September 2011

    The senior secured loan facility backing Zygmunt Solorz-Zak’s €3.4bn buyout of mobile phone firm Polkomtel closed successfully last week, at a time when other leveraged deals in Europe are currently struggling to get done, despite increases on interest margins.

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