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Sunday, 22 October 2017

Isabell Witt' s stories

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  • Germany: Siemens steps up lending

    Loans | 17 August 2012

    Corporates such as Germany’s Siemens are expanding their activities in syndicated lending, helping to diversify sources of funding in the market and fill the gap left by European commercial banks’ reduced appetite.

  • Direct Line

    Direct Line buyout under threat

    Top News | 10 August 2012

    A potential multi-billion-pound buyout of UK insurance group Direct Line faces concerns about a shortage of debt market liquidity and the difficulties presented by the insurance sector, lenders have warned.

  • Western Europe leveraged volume

    Bleak picture

    Loans | 28 July 2012

    Lenders are casting doubt over the ability of the European leveraged loan market to make a strong comeback once the summer lull ends, having already seen several delayed and failed auctions and a resurgent high-yield bond market that is likely to continue to snap up market share.

  • Tikehau

    A new model

    Loans | 21 July 2012

    A new alternative lending model has been created for small- and medium-sized corporates in Europe, with banks and fund managers joining forces to tap into each others’ resources, helping fill a gap created by the retrenchment of banks keen to preserve capital and shrink their balance sheets.

  • PagesJaunes

    PagesJaunes A&E faces new resistance

    Top News | 20 July 2012

    French directories business PagesJaunes’ request to amend and extend €1.8bn of leveraged loans met with more opposition last week as investors said the company was trying to force lenders to agree to the debt extension.

  • Matthew Craston

    Insurance money to flow into market

    Loans | 29 June 2012

    Insurance companies are switching investments into loan funds as they re-evaluate the impact of EU regulations on capital requirements in a move that looks set to provide the loan market with much needed liquidity.

  • Boots London

    Boots buy prompts repayment headache

    Top News | 23 June 2012

    KKR was a big winner last week when it sold a 45% stake in UK pharma chain Alliance Boots to US pharmacy operation Walgreens. But while the private equity firm was congratulating itself for making an impressive profit on its 2007 purchase of Boots through Europe’s biggest-ever leveraged buyout, lenders were facing the

  • Margins flat ahead of Basel III

    Loans | 23 June 2012

    Bankers are still not sufficiently adjusting interest margins on European investment grade loans on the back of new regulations such as Basel III, with pricing expected to stay broadly flat for the next three years, speakers at a recent Loan Market Association seminar in Frankfurt said.

  • BSN Medical

    Mezzanine loans revived as bonds wilt

    Top News | 15 June 2012

    Challenging high-yield bond markets are prompting European LBO borrowers to return to mezzanine loans, attracted by cheaper pricing and greater stability.

  • Fresenius

    Fresenius gives respite to gloomy loan market

    Top News | 02 June 2012

    Germany’s Fresenius has launched syndication of the largest Western European leveraged corporate loan since 2008. The €4.8bn-equivalent acquisition loan, which is denominated in dollars and euros, backs the acquisition and refinancing of listed hospital operator Rhoen-Klinikum, the management of which has endorsed the takeover.