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Wednesday, 18 October 2017

Isabell Witt' s stories

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  • Flint Group

    Flint’s lenders demand leverage cut (corrected)

    Top News | 17 March 2012

    CVC Capital owned German ink and pigment firm Flint Group has asked its lending syndicate to reset the leverage covenant as the company’s earnings have come under pressure last year due to rising raw material costs. (*correction appended)

  • Lenders demand more from sponsors on amendments

    Loans | 09 March 2012

    A wave of amendments to LBO deals is highlighting the unwillingness of private equity firms to inject further cash into their struggling companies, lenders said.

  • LBO underwriters get cold feet

    Loans | 02 March 2012

    European leveraged loan bankers are taking a more cautious approach to arranging new leveraged buyouts, on fears they will be unable to sell down the debt in the second quarter as current investor liquidity could disappear quickly.

  • Listed loan funds fail to allay funding gap fears

    Loans | 02 March 2012

    Alcentra raised £80m of a planned £150m listed loan fund last week, casting doubt on hopes that listed funds will raise a substantial amount of money to plug a looming €30bn shortfall in leveraged loan liquidity by year-end, investors said.

  • Loans unchanged as primary steals the show

    Loans | 24 February 2012

    European secondary loan markets were broadly unchanged last week as investors kept cash aside for primary deal flow while secondary levels started to look expensive. Europe’s top 40 leveraged loans were flat at 94.9 on Thursday, according to Thomson Reuters data.

  • PE forced to find more cash for ailing firms

    Loans | 17 February 2012

    Private-equity firms are having to dig deep to inject hundreds of millions of euros into the companies they own, or risk losing them, as Europe’s economic slowdown puts pressure on corporate earnings. 

  • Orange Switzerland/Reuters

    Orange crush

    Loans | 11 February 2012

    The more liquid public bond market will crush the loan market, unless market players and regulators find a way to improve liquidity and settlement in loans to attract new investors.

  • Banks huddle together

    Loans | 27 January 2012

    Banks underwriting new European leveraged buyouts are seeking safety in numbers in order to share risk and reduce the possibility of being stuck with deals that they may struggle to sell in volatile markets.

  • SMEs turn to unitranches

    Loans | 20 January 2012

    Unitranche loans from non-bank lenders are becoming a new reliable alternative to syndicated bank loans for small and medium-sized enterprises as European banks struggle to provide timely access to financing amid the eurozone debt crisis.

  • Orange

    Orange brightens up gloomy LBO market

    Top News | 13 January 2012

    Deal-starved European leveraged loan bankers are preparing for the launch of the eagerly awaited loan backing the SFr2bn buyout of Orange Switzerland by Apax Partners.