Loans People

Investment Grade

• Fairstar funding for Forte and Finesse
• Hercules signs new £350m loan
• Amadeus takes new €200m revolver, decreases bridge loan
• Wham bam thank you Snam: €11bn deal proves demand still strong for Italy names
• Poll: Optimism for summer pipeline falters

Emerging Markets

• HKMA move could boost Rmb loans, but scepticism remains
• June signing on the cards for Glencore Exploration
• Lender demand almost doubles Standard Bank loan
• Citic Pacific loan heads into general
• MOL negotiates extension on June loan
• Sany makes loan return with 10 commitments
• Garanti Leasing returns with murabaha
• Polyus Gold repays September bridge loans
• Chinese corps eye offshore loans despite domestic easing
• Prolonged syndication proves a wise strategy for Bersama
• Westpac builds up for biggest RMBS of year
• No price rises for Mid East loans as borrowers leverage ancillary
• Japanese banks leap on overseas loan opportunities
• Telco MTN Ghana secures largest ever cedi loan
• Syndicated loans, Western Europe - news in brief, May 18 2012

Leveraged Finance

• ICG hires Mondovits for investor management
• Yell to overhaul capital structure after covenant warning
• Kabel Deutschland leverage up nearly half a turn on acquisition
• ‘Swedish Spie’ Bravida installs Citi, Morgan Stanley, Deutsche Bank and Nordea for LBO
• Materis nets €1.9bn extension after A&E odyssey
• Levfin cutbacks not stopping CEE recaps
• Grohe ups loan, but cov-lite won’t last, says Fitch