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Wednesday, 18 October 2017

Tessa Walsh' s stories

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  • Logo of German software firm SAP

    Building bridges

    Loans | 09 August 2013

    Bankers are hopeful that the long-awaited upturn in M&A activity could be on the way with a pick-up in enquiries and a clutch of M&A bridge loans for French firms Schneider Electric and

  • Springer

    Springer Science buyout loan revised to attract investors

    Capital City | 25 July 2013

    Banks arranging a €1.97bn buyout financing for German academic publisher Springer Science+Business Media have had to offer a range of concessions to investors to sell the deal after a weak response, banking sources said.

  • nokia loans

    Nokia’s borrowing costs soar on M&A facility

    Top News | 19 July 2013

    Nokia is paying a high price on a €1.2bn bridge loan in an effort to encourage lenders to boost their exposure to the ailing Finnish mobile phone company.

  • Fiat-Chrysler chief executive Sergio Marchionne makes a speech at the Fiat car factory in the southern city of Melfi

    Chrysler, Fiat near refinancing deals

    Loans | 14 June 2013

    Fiat will sign a €1.95bn loan refinancing with nine banks this week, while Chrysler Group has set terms on a loan refinancing, laying the groundwork for the Italian carmaker to buy out the US company.

  • Russia: Bridge loans face price hike

    Loans | 14 June 2013

    Bankers are considering hiking pricing on acquisition bridge loans and tightening terms, particularly in emerging markets M&A deals, after last week’s fierce sell-off put Russian oil giant Rosneft’s plans to issue bonds to repay a jumbo US$24.72bn bridge loan on hold indefinitely.

  • Borrowers look to refinance early

    Loans | 14 June 2013

    Large European companies are bringing forward plans to refinance syndicated loans before the summer in a bid to lock in cheap rates as heightened capital markets volatility threatens to change borrower-friendly market dynamics and could even push loan pricing higher if it persists.

  • Fiat and Chrysler to refinance loans before deal

    Loans | 07 June 2013

    Fiat has launched the first part of a three-stage multi-billion euro financing package, seeking to refinance loans taken out by Fiat and Chrysler before the Italian group’s looming purchase of the rest of the US carmaker.

  • IPOs prompt loan talks

    Loans | 07 June 2013

    Large European private equity-owned companies moving towards IPOs, including German academic publisher Springer Science + Business Publishing, are talking to banks about loans of more than €1bn, which will be the mainstay of their capital structures after flotation. 

  • Logo of engineering group Schneider Electric

    Schneider Electric sets new French benchmark

    Loans | 24 May 2013

    Engineering group Schneider Electric’s refinancing sets a new French benchmark on pricing and maturity. The deal closes – but does not eliminate – the premium that French borrowers have had to pay to borrow, compared with similarly-rated German companies.

  • A worker stands between glowing steel at the plant of German steel company Arcelor Mittal in Hamburg

    Banks pull out of steel sector, firms seek alternative funds

    Loans | 17 May 2013

    Banks are withdrawing from Europe’s troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources.