Latest leveraged loan news

  • EQT finds buyer for 'out of the woods’ Tiama

    French family office Caravelle has been granted exclusivity to buy Tiama, a provider of services to the glass packaging industry, from shareholders EQT Credit II, Kartesia, European Capital and Omnes.

    • 26 Jun 2017
  • Nord Anglia tightens amid commitments rush

    International schools operator Nord Anglia has tightened pricing and accelerated the deadline on its $1.22bn-equivalent euro term loan, while up to six leveraged loans are due to close syndication at the end of the week.

    • 23 Jun 2017
  • Dunlop signs £45m direct lending deal with Permira for buyout

    Permira Debt Managers has sole-financed Liberty Hall Capital Partners’ $135m acquisition of UK aircraft tyre company Dunlop with a £45m loan, after closing its third direct lending fund at €2.1bn this week.

    • 21 Jun 2017
  • CVC buys two TMT firms, Blackstone agrees Celanese JV

    CVC flexed its buyout muscles again this week, buying two European tech companies for more than €1bn, while Blackstone has agreed to a joint venture for its recently acquired cigarette filter making business Rhodia Acetow with a unit of US chemicals firm Celanese.

    • 20 Jun 2017
  • Safetykleen launches another LBO to red hot market

    Safetykleen Europe, the surface treatment and chemical application services provider, has led a group of smaller new money deals to market this week. It held a bank meeting on Wednesday in London for its €455m seven year term loan ‘B’, backing Apax’s buyout from Warburg Pincus.

    • 19 Jun 2017
  • Investors should have trust, says Cinven partner

    At a panel discussion this week, a partner at Cinven said investors should trust sponsors to act responsibly, despite protection for debt investors disappearing in deal documentation.

    • 15 Jun 2017
  • Belmond, Kuoni enjoy market travels as Veritas returns

    VFS Global, the visa and passport services division of Kuoni, allocated its euro and sterling loan refinancing package this week, after increasing the euro offering and tightening pricing on both tranches.

    • 15 Jun 2017
  • Enter Stage Entertainment for €355 div recap

    Dutch musical theatre group Stage Entertainment, producer of shows including The Lion King and Mamma Mia!, debuted in the leveraged finance market this week for a €355m term loan to pay a dividend recapitalisation to sponsor CVC, after the latter’s majority investment in the firm in 2015 was unusually an all equity deal.

    • 14 Jun 2017
  • Elis plans over £1.3bn of debt for Berendsen acquisition

    French laundry services firm Elis has signed a bridge facility with two relationship banks for its £2.2bn acquisition of UK competitor Berendsen, having announced it will fund the 63% cash portion of the deal through third party debt.

    • 13 Jun 2017
  • Nord Anglia leads leveraged buyout charge into loans

    A slew of event-driven deals were launched into the leveraged loan market this week, joining Lindorff’s €3bn high yield offering in electrifying leveraged finance new paper issuance and catching some investors by surprise.

    • 12 Jun 2017

Leveraged loan news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Goldman Sachs 10,231.82 32 7.84%
2 JPMorgan 8,649.53 32 6.63%
3 Deutsche Bank 7,504.04 42 5.75%
4 BNP Paribas 7,457.95 38 5.72%
5 Credit Suisse 6,678.77 32 5.12%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 JPMorgan 4,302.46 33 8.14%
2 Goldman Sachs 4,093.79 31 7.74%
3 Deutsche Bank 3,878.15 34 7.34%
4 Barclays 3,646.48 29 6.90%
5 Citi 3,618.87 24 6.84%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 JPMorgan 19,005.58 142 11.27%
2 Citi 15,642.08 113 9.28%
3 Bank of America Merrill Lynch 14,393.04 121 8.54%
4 Goldman Sachs 12,300.74 87 7.29%
5 Barclays 11,596.83 70 6.88%