22 May 2012
After issuing a warning that it may breach its financial covenants this year as its Ebitda tumbles, Yell Group has turned to Goldman Sachs and Greenhill to advise it on putting in place a new capital structure. The UK directories firm hopes to complete the task in the next 12 months before the bulk of its debt matures in April 2014. read more »
Standard Bank of South Africa attracted a staggering oversubscription of 96% for its three year bullet deal launched in March, allowing it to increase the deal from a planned $750m to $1.35bn.
Leveraged loan, mezzanine and high yield debt manager Intermediate Capital Group (ICG) has hired Andreas Mondovits from UBS Asset Management to head up its investor management group, the wing of the company responsible for new product development, fund distribution and client services.
Dutch shipping firm Fairstar Heavy Transport has completed a $247m syndicated loan, led by ING, to finance the outstanding payment obligations for the construction of two semi-submersible vessels.
21 May 2012
In a startling burst of activity that will give a measure of relief to those bankers fretting about the prospect of a slow second quarter, German healthcare company Fresenius is tapping almost all segments of the capital markets as it looks to finance its €3.1bn acquisition of Rhön-Klinikum, a hospital group.
Spanish travel technology firm Amadeus has signed a new €200m facility with a club of eleven banks.
Hercules Unit Trust, a retail warehouse fund managed by Schroder Property and 41% owned by British Land, has refinanced its existing debt facilities with a new five year £350m line from Lloyds Banking Group, Metropolitan Life Insurance Company and Royal Bank of Scotland.
Deutsche Bank, Goldman Sachs and Morgan Stanley have provided a €600m unsecured 12 month bridge loan to Kabel Deutschland to finance the company’s acquisition of rival German cable company Tele Columbus.
The leasing arm of Turkey’s Garanti Bankasi has signed a dual currency $75m-equivalent murabaha from eight banks after a six year break from the syndicated loan market.
Russia’s largest gold producer Polyus Gold International has repaid around $460m in bridge loans it borrowed from VTB Bank and Société Générale in September last year.
18 May 2012
One of the largest deals of the year supporting gas transporting firm Snam’s demerger from ENI has proved that there is still plenty of appetite for transactions coming out of Italy despite worries about the stability of southern European sovereigns rumbling on.
Rock bottom loan margins in the Middle East are here to stay, said market participants, as corporates in the region increasingly see a competitively priced loan product as a bank's route into lucrative ancillary deals.
Japanese lenders have seized on the opportunities created by deleveraging European rivals to grow their overseas loan books by more than 20% in the last 12 months.
Citi, Deutsche Bank, Morgan Stanley and Nordea will arrange the all-senior debt package backing Bain Capital’s acquisition of Swedish technical installation provider Bravida from Triton.
Those who can should go to the leveraged loan market — and quickly
read now »
Access no areas
Bookrunners of all global syndicated loans — 2012 (May 17, 2012)
ICG hires Mondovits for investor management
Update your account information to receive the latest News Alerts
How to read EuroWeek with your PDA wherever you are.
Your team can get access to EuroWeek find out how.
What's the gossip?