Sunday, 23 September 2018

Tessa Walsh' s stories

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  • Participants wearing costumes and make-up as zombies march during a Halloween event to promote the U.S. TV series "The Walking Dead" at Tokyo Tower

    Zombies shuffle towards restructurings

    Loans | 08 November 2013

    Distressed investors are buying up loans of European companies that are heading towards restructurings in the secondary market, including UK vending machine business Selecta, German parking company Apcoa and UK hygiene services company

  • Xtrata

    Xstrata drills for US$6bn loan waiver

    Top News | 18 February 2012

    Xstrata has asked its banks to allow US$6bn of existing syndicated loans to stay in place as it waits for approval of its US$90bn merger with Glencore, bankers said. Lenders are expected to agree to waive change of control provisions that will be triggered when Xstrata’s merger with Glencore completes and tha

  • G4S logo from company website

    What next for ISS?

    Top News | 04 November 2011

    Excitement generated by G4S’s bid for ISS, which raised the prospect of bumper gains for leveraged loan investors, quickly evaporated last week when the bid collapsed. Loan investors panned the deal’s advisers as their €2.3bn repayment disappeared, but talk quickly turned to ISS’s optio

  • The logo of French media and telecoms group Vivendi

    Vivendi forced to raise pricing and fees

    Top News | 16 December 2011

    French media and telecoms group Vivendi has been forced to raise the pricing on a €1.5bn loan refinancing and adjust fees, after lenders balked at the proposed terms. The move shows that banks’ credit committees are taking a harder line on low loan pricing and aggressive deal structures as bank funding costs stay high.

  • Veritas logo

    Veritas buyout debt still faces tough sell

    Top News | 22 January 2016

    A US$600m price cut for Symantec’s data storage unit Veritas to US$7.4bn will help banks trying to sell the buyout debt, but difficult conditions in the leveraged finance market could still make the deal an uphill struggle.

  • Valeant Pharmaceuticals logo

    Valeant rallies support with key refi

    Top News | 10 March 2017

    Valeant Pharmaceuticals has taken advantage of a welcoming US leveraged market to refinance, repay and extend the maturity on its creaking US$30bn debt pile with a mix of new loans and bonds as the troubled Canadian drugmaker’s equity price remains under pressure.

  • Johnson Controls sign

    US$10bn plus buyout debt for JCI

    Top News | 03 August 2018

    Banks are working on debt financing of more than US$10bn to finance the buyout of Johnson Controls International’s Power Solutions business.

  • UPC raises dollars cheaply in US

    Top News | 04 November 2011

    The Netherlands-headquartered broadband provider UPC Holding’s US$500m leveraged loan refinancing in the US may show the way ahead for European leveraged companies struggling to raise financing in dysfunctional leveraged loan and high-yield bond markets.

  • G4S

    Up for grabs: G4S loan and extras

    Top News | 22 October 2011

    The €4.4bn acquisition financing backing UK security group G4S’s £5.2bn purchase of Danish facilities company ISS from private equity firms EQT and GS Capital Partners was conceived and launched quickly in a move designed to limit market risk.

  • UK: SABMiller readies jumbo loan for new Foster's bid

    Loans | 12 August 2011

    Global brewer SABMiller is assembling a bank group for a multibillion dollar syndicated loan to back a fresh bid for Australian brewer Foster’s. The acquisition loan, which will be one of the biggest deals of the year, is expected to be supported by relationship banks despite volatile market conditions.

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